August 11, 2021
Vine Energy, Inc. Investigation
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Vine Energy, Inc. (“Vine Energy” or the “Company”) (NYSE: VEI) in connection with the proposed cash-and-stock acquisition of the Company by Chesapeake Energy Corporation (“Chesapeake”) (NASDAQ: CHK). Under the terms of the merger agreement, Vine Energy shareholders will receive $1.20 in cash and 0.2486 shares of Chesapeake stock for each Vine Energy share they own, representing implied per-share merger consideration of approximately $15.00 based upon Chesapeake’s August 10, 2021 closing price of $55.50.
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