SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of Concho Resources Inc. (NYSE: CXO)

BALA CYNWYD – October 19, 2020 /Access Wire/ – Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Concho Resources Inc. (“Concho” or the “Company”) (NYSE – CXO) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the agreement to be acquired by ConocoPhillips (NYSE – COP). Under the terms of the agreement, Concho stockholders will receive only 1.46 shares of ConocoPhillips for each share of Concho they own.

The investigation concerns whether the Concho Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether ConocoPhillips is paying too little for the Company. For example, the deal consideration is well below the 52-week high of $93.34 for Concho shares. Additionally, the average 12-month wall street analyst price target for Concho is $77.82 with a high target price of $118.00.

If you own shares of Concho stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, or call toll free 877-534-2590.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.