NEW YORK, Sept. 13, 2018 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating Energen Corporation ("Energen" or the "Company") (NYSE: EGN) relating to the sale of the Company to Diamondback Energy, Inc. (FANG). Under the terms of the agreement, shareholders of Energen will receive only 0.6442 shares of Diamondback for each share of Energen that they own.

Click here for more information: https://monteverdelaw.com/case/energen-corporation. It is free and there is no cost or obligation to you.

The investigation focuses on whether Energen and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company's stockholders by 1) failing to conduct a fair process, 2) whether and by how much this proposed transaction undervalues the Company by and 3) failing to disclose all material financial information in connection with the upcoming shareholder meeting.

Monteverde & Associates PC is a national class action securities and consumer litigation law firm that has recovered millions of dollars and is committed to protecting shareholders and consumers from corporate wrongdoing.  Monteverde & Associates lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct. Mr. Monteverde, who leads the legal team at the firm, has been recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013 and 2017, an award given to less than 2.5% of attorneys in a particular field.  He has also been selected by Martindale-Hubbell as a 2017 Top Rated Lawyer.

If you own common stock in Energen and wish to obtain additional information and protect your investments free of charge, please visit our website or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4405
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341

Attorney Advertising. (C) 2018 Monteverde & Associates PC.  The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

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SOURCE Monteverde & Associates PC

SAN DIEGO, Aug. 14, 2018 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Energen Corporation (NYSE: EGN) ("Energen") breached their fiduciary duties in connection with the proposed sale of the Company to Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback"). Energen engages in the exploration, development, and production of oil, natural gas liquids, and natural gas.

On August 14, 2018, Energen announced that it had signed a definitive merger agreement with Diamondback. Under the terms of the agreement, Diamondback will acquire Energen in an all-stock transaction, valued at approximately $9.2 billion. The consideration will consist of 0.6442 shares of Diamondback common stock for each share of Energen common stock, representing an implied value to each Energen shareholder of $84.95 per share based on the closing price of Diamondback common stock on August 13, 2018. However, shareholders will be subject to the future price fluctuation of Diamondback's stock price.

The investigation concerns whether the Energen board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Energen shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given one Wall Street analyst has a $110.00 price target on the stock.

If you are a shareholder of Energen and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.

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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com

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SOURCE Johnson Fistel, LLP

NEW YORK, Jan. 31, 2018 /PRNewswire/ -- Corvex Management LP ("Corvex"), the largest shareholder of Energen Corporation (NYSE: EGN) ("Energen" or the "Company") with beneficial ownership of approximately 9.9% of the Company's outstanding shares, today announced it has nominated four highly-qualified, independent candidates for election to Energen's nine-member Board of Directors at the upcoming 2018 Annual Meeting of Shareholders.

The nominees each have significant experience driving shareholder value at multi-billion dollar energy and industrial companies and, if elected, would seek to create value for all shareholders.  The nominees are:

• José Maria Alapont, former President and CEO of Federal-Mogul Corporation
• Jonathan Cohen, Founder of Atlas Energy and Atlas Pipeline Partners  
• Daniel Herz, former Senior Vice President of Atlas Energy and Atlas Pipeline Partners
• Vincent Intrieri, former Senior Managing Director of Icahn Capital LP

Keith Meister, Corvex's Managing Partner, stated, "Energen has a world-class leasehold position in the core of the Permian Basin, but for years, has traded at what we believe is a material discount to its underlying value.  Accordingly, today we are nominating four highly-qualified, independent director candidates who will bring fresh perspectives and relevant experience along with a simple mandate – to run the company in the best interests of all shareholders. We are confident that Energen's shareholders will benefit from having these experienced executives on the Board."

Biographies of Nominees:

José Maria Alapont

José Maria Alapont served as the President and Chief Executive Officer of Federal-Mogul Corporation ("Federal-Mogul"), a public automotive manufacturing company with approximately $7.5 billion in annual sales, from March 2005 through March 2012.  Mr. Alapont was the Chairman of the Board of Directors of Federal-Mogul from 2005 to 2007 and continued to serve as a Director until 2013.  Prior to joining Federal-Mogul, Mr. Alapont served as Chief Executive Officer of Fiat Iveco S.p.A.    

Mr. Alapont currently serves on the Board of Navistar Inc., Manitowoc Company Inc., Ferroglobe PLC, and Ashok Leyland Ltd. Previously, he has served on the Boards of Mentor Graphics Corp. and Fiat Iveco S.p.A.

Mr. Alapont earned degrees in Industrial Engineering from the Valencia Technical School and in Philology from the University of Valencia in Spain.

Jonathan Z. Cohen

Jonathan Z. Cohen is currently the Chief Executive Officer of Osprey Energy Acquisition Corporation.  Previously, Mr. Cohen was a founder of Atlas Energy, Inc. ("Atlas"), an exploration and production company that completed its initial public offering in 2004.  Under Mr. Cohen's leadership, Atlas helped pioneer the unconventional development of the Marcellus Shale formation, drilling more wells between 2005 and 2010 than any other company.  In 2011, Atlas was acquired by Chevron for $4.3 billion dollars.  Mr. Cohen was also a founder of Atlas Pipeline Partners, LP, a midstream energy company, that completed an initial public offering in 2000.  Under Mr. Cohen's leadership Atlas Pipeline Partners, LP grew significantly, culminating in the 2015 sale to Targa Resources Corp. for $7.7 billion. 

Mr. Cohen is a trustee of the American School of Classical Studies in Athens, a trustee of the East Harlem School and a Director of Lincoln Center Theater. Jonathan received his Bachelor of Arts degree from the University of Pennsylvania in 1992. He also received a Juris Doctor from American University School of Law.

Daniel C. Herz

Daniel C. Herz is currently the President of Osprey Energy Acquisition Corporation.  Previously, Mr. Herz was the Senior Vice President of Corporate Development of Atlas Pipeline Partners GP, a US focused midstream energy company.  Mr. Herz held that role from August of 2007 until Atlas's $7.7 billion dollar sale to Targa Resources Corp. in February of 2015.  Mr. Herz also served as Senior Vice President Corporate Development for Atlas Energy, Inc., a pioneer of unconventional shale development in Appalachia, from 2007 until 2011 at which time Atlas was sold to Chevron Corporation for $4.3 Billion. 

Mr. Herz graduated with a BA in Economics from Indiana University in 1999.

Vincent J. Intrieri

Vincent J. Intrieri was employed by Carl C. Icahn related entities in various investment related capacities from 1998 to 2016, including as Senior Managing Director of Icahn Capital LP and as a Director of Icahn Enterprises. Prior to joining the Icahn organization, Mr. Intrieri served as a portfolio manager at Elliott Associates from 1995 to 1998.

Mr. Intrieri is currently a director of Transocean, Ltd., Conduent Incorporated, Hertz Global Holdings, Inc. and Navistar International Corporation.  Over the years, Mr. Intrieri has served as a director of several publicly traded energy companies, including: Chesapeake Energy Corporation, CVR Refining, LP, and National Energy Group, Inc.  Additionally, Mr. Intrieri has served on numerous other board including Forest Laboratories Inc. and Motorola Solutions, Inc.   

Mr. Intrieri graduated, with Distinction, from the Pennsylvania State University with a B.S. in Accounting in 1984.

IMPORTANT INFORMATION

In connection with their intended proxy solicitation, Corvex and/or certain of its affiliates intend to file a proxy statement with the SEC to solicit shareholders of the Company.     

SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS RELATED TO THE SOLICITATION OF PROXIES BY CORVEX AND/OR ITS AFFILIATES FROM THE SHAREHOLDERS OF ENERGEN CORPORATION FOR USE AT ITS 2018 ANNUAL MEETING OF SHAREHOLDERS WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION, INCLUDING INFORMATION RELATING TO THE PARTICIPANTS IN SUCH PROXY SOLICITATION. WHEN COMPLETED, A DEFINITIVE PROXY STATEMENT AND A FORM OF PROXY WILL BE MAILED TO SHAREHOLDERS OF ENERGEN CORPORATION AND WILL ALSO BE AVAILABLE AT NO CHARGE AT THE SEC'S WEBSITE AT HTTP://WWW.SEC.GOV.

In accordance with Rule 14a-12(a)(1)(i) under the Securities Exchange Act of 1934, as amended, the following persons are anticipated to be, or may be deemed to be, participants in any such proxy solicitation:  Corvex Management LP, Keith Meister, Corvex Master Fund, LP, Corvex Select Equity Master Fund LP, José Maria Alapont, Jonathan Z. Cohen, Daniel C. Herz and Vincent J. Intrieri. Certain of these persons hold or may be deemed to hold direct or indirect interests as of 4:00 p.m. New York City time on January 31, 2018 as follows:  Corvex Management LP beneficially owns 9,710,474 shares of common stock of the Company; Keith Meister beneficially owns 9,710,474 shares of common stock of the Company; Corvex Master Fund, LP is the record holder of 1,000 shares of common stock of the Company and is the street name holder of 7,009,080 shares of common stock of the Company; Corvex Select Equity Master Fund LP is the street name holder of 1,244,346 shares of common stock of the Company and holder of over-the-counter market American-style call options referencing 1,456,048 shares of common stock of the Company; Vincent J. Intrieri beneficially owns 10,500 shares of common stock of the Company; each of the Corvex Nominees has an interest in being nominated and elected as a director of the Company but no Corvex Nominee other than Vincent J. Intrieri beneficially owns any shares of common stock of the Company.

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SOURCE Corvex Management LP