Shareholder alert: weisslaw llp investigates extraction oil & gas, inc.

New york, may 10, 2021 /prnewswire/ -- weisslaw llp is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of extraction oil & gas, inc. ("extraction" or the "company") (nasdaq: xog) in connection with the proposed merger of the company with bonanza creek energy, inc ("bonanza creek") (nyse: bcei). under the terms of the merger agreement, extraction shareholders will receive 1.1711 shares of bonanza creek common stock for each extraction share that they own, representing implied per-share merger consideration of approximately $43.85 based upon bonanza creek's may 7, 2021 closing price of $37.44.
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