A lawsuit was filed by investors of Concho Resources Inc. (NYSE:CXO) in connection with the proposed takeover.

San Diego, CA -- (SBWire) -- 02/22/2021 --Investor, who currently held shares of Concho Resources Inc. (NYSE: CXO), filed a lawsuit in connection with the takeover of Concho Resources Inc. by ConocoPhillips.

Investors who purchased shares of Concho Resources Inc. (NYSE: CXO) and currently hold any of those NYSE: CXO shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Midland, TX based Concho Resources Inc., an independent oil and natural gas company, engages in the acquisition, development, and exploration of oil and natural gas properties in the United States. On October 19, 2020, Concho Resources Inc. announced that they had entered into a merger agreement with ConocoPhillips. Under the terms of the transaction, each share of Concho Resources Inc. common stock will be exchanged for a fixed ratio of 1.46 shares of ConocoPhillips common stock. Based on ConocoPhillips' closing stock price on October 16, 2020, the implied stock consideration to be received by Concho Resources Inc's stockholders is $49.30 per share.

The lawsuit seeks the access records in connection with the proposed takeover.

Those who are current investors in Concho Resources Inc. (NYSE: CXO) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.