Bulletin
Investor Alert

July 28, 2020, 3:32 p.m. EDT

CNX MIDSTREAM ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of CNXM and Encourages Investors to Contact the Firm

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    CNX Midstream Partners LP (CNXM)
  • X
    CNX Resources Corp. (CNX)

or Cancel Already have a watchlist? Log In

NEW YORK, July 28, Jul 28, 2020 (GLOBE NEWSWIRE via COMTEX) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of CNX Midstream Partners LP /zigman2/quotes/208484772/composite CNXM +2.77% breached their fiduciary duties or violated the federal securities laws in connection with the company's proposed merger with CNX Resources Corporation /zigman2/quotes/208647486/composite CNX +2.62% .

Click here to learn more and participate in the action.

On July 27, 2020, CNX Midstream announced that it had signed an agreement to be acquired by CNX for approximately $357 million. Pursuant to the merger agreement, CNX Midstream's stockholders will receive 0.88 shares of CNX common stock for each share of CNX Midstream common stock owned. The deal is scheduled to close in the fourth quarter of 2020.

Bragar Eagel & Squire is concerned that CNX Midstream's board of directors oversaw an unfair process and ultimately agreed to an inadequate deal price. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for CNX Midstream's stockholders.

If you own shares of CNX Midstream and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at investigations@bespc.com or telephone at (646) 860-9157, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com . Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information:

Bragar Eagel & Squire, P.C.

Melissa Fortunato, Esq.

Alexandra Raymond, Esq.

investigations@bespc.com

www.bespc.com

https://ml.globenewswire.com/media/29481954-f2ff-4756-b5a9-d982a6497bd0/small/bes-mark-jpg.jpg

COMTEX_368555416/2010/2020-07-28T15:32:09

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

(C) Copyright 2020 GlobeNewswire, Inc. All rights reserved.

/zigman2/quotes/208484772/composite
US : U.S.: NYSE
$ 10.00
+0.27 +2.77%
Volume: 1.79M
Sept. 18, 2020 4:00p
P/E Ratio
4.60
Dividend Yield
13.97%
Market Cap
$902.94 million
Rev. per Employee
$2.33M
loading...
/zigman2/quotes/208647486/composite
US : U.S.: NYSE
$ 11.37
+0.29 +2.62%
Volume: 7.65M
Sept. 18, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.08 billion
Rev. per Employee
$3.11M
loading...

This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.