WILMINGTON, Del.--(EON: Enhanced Online News)--Rigrodsky & Long, P.A.:
- Do you own units of PVR Partners, L.P. (NYSE: PVR)?
- Did you purchase any of your units prior to October 10, 2013?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of PVR Partners, L.P. (“PVR” or the “Company”) (NYSE: PVR) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Regency Energy Partners LP (“Regency”) (NYSE: RGP) in a transaction valued at approximately $5.6 billion, including the assumption of debt.
Click here to learn more: http://www.rigrodskylong.com/investigations/pvr-partners-lp-pvr.
Under the terms of the agreement, public unitholders of PVR will receive 1.020 common units of Regency for each unit of PVR they own. In addition, PVR unitholders will receive a one-time cash payment at closing of the merger estimated to be approximately $40 million in the aggregate. Based on Regency’s closing price of $22.81 on October 9, 2013, PVR unitholders would have received consideration valued at approximately $28.68 per unit.
The investigation concerns whether PVR’s board of directors failed to adequately shop the Company and obtain the best possible value for PVR’s unitholders before entering into an agreement with Regency.
If you own the common units of PVR and purchased your units before October 10, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth Rigrodsky or Gina Serra at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail to email@example.com, or at: http://www.rigrodskylong.com/investigations/pvr-partners-lp-pvr.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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