SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of Jagged Peak Energy, Inc. – JAG

BALA CYNWYD, October 16, 2019 /Access Wire/ – Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Jagged Peak Energy, Inc. (“Jagged Peak” or “the Company”) (NYSE – JAG -News) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Parsley Energy, Inc. (“Parsley Energy”).

Under the terms of the transaction, Jagged Peak shareholders will receive only 0.447 shares of Parsley Energy for each share of Jagged Peak common stock owned. The deal represents $7.59 per Jagged Peak share based on Parsley Energy’s closing price on October 11, 2019. The investigation concerns whether the Jagged Peak Board breached its fiduciary duties to shareholders and whether Parsley Energy is underpaying for the Company. The transaction may undervalue the Company and would result in a substantial loss for many Jagged Peak shareholders. For example, the stock was trading over the deal price as recently as September 21st and has a 52-week high of $14.26.

If you own shares of Jagged Peak 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 510, Bala Cynwyd, PA  19004, or calling 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.