press release

Shareholder Alert: The Ademi Firm investigates whether Civitas Resources Inc. is obtaining a Fair Price for its Public Shareholders

2025-11-03

TSX - Toronto Stock Exchange · Copper · Molybdenum · Silver · Gold · Zinc · Lead · Germanium · Indium · Sulfur · Nickel · Platinum · Palladium · Legal Matters

PR Newswire

MILWAUKEE, Nov. 3, 2025/PRNewswire/ -- The Ademi Firm is investigating Civitas (NYSE: CIVI) for possible breaches of fiduciary duty and other violations of law in its transaction with SM Energy.

[](https://mma.prnewswire.com/media/2672539/Ademi_FruchterLogo.html)

Click hereto learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.comor toll-free: 866-264-3995. There is no cost or obligation to you.

In the transaction, each Civitas share will be exchanged for 1.45 shares of SM Energy common stock. Following completion, SM Energy stockholders will own approximately 48% of the combined company while Civitas stockholders will own approximately 52% on a fully diluted basis. Civitas insiders will receive substantial benefits as part of change of control arrangements.

The transaction agreement unreasonably limits competing transactions for Civitas by imposing a significant penalty if Civitas accepts a competing bid. We are investigating the conduct of the Civitas board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi & Fruchter LLP Guri Ademi Toll Free: (866) 264-3995 Fax: (414) 482-8001

View original content to download multimedia:https://www.prnewswire.com/news-releases/shareholder-alert-the-ademi-firm-investigates-whether-civitas-resources-inc-is-obtaining-a-fair-price-for-its-public-shareholders-302602517.html

SOURCE Ademi LLP