NEW YORK, Nov. 01, 2018 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Newfield Exploration Company (“Newfield” or the “Company”) (: NFX) stock prior to November 1, 2018.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Newfield to Encana Corporation (: ECA). Under the terms of the transaction, Newfield shareholders will receive 2.6719 Encana shares for each share of Newfield stock they own. The transaction is valued at approximately $5.5 billion, with Encana assuming $2.2 billion of Newfield net debt. To learn more about the action and your rights, go to:
https://www.zlk.com/mna/newfield-exploration-company
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The Newfield merger investigation concerns whether the Board of Newfield breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Encana Corporation is underpaying for Newfield shares, thus unlawfully harming Newfield shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
