NEW YORK--(EON: Enhanced Online News)--Levi & Korsinsky is investigating the Board of Directors of PAA Natural Gas Storage, L.P. (“PNG” or the “Company”) (NYSE:PNG) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to a Plains All American Pipeline, L.P. (“PAAP”) (NYSE: PAA).
Click here to learn more about the investigation http://zlk.9nl.com/paa-natural-gas-png/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, PNG shareholders will receive 0.445 common units of PAAP for each unit of PNG stock surrendered, plus cash in lieu of any fractional common units of PAAP otherwise issuable in the merger. PAAP already owns 100% of the outstanding subordinated units of PNG and approximately 46% of PNG’s outstanding common units. The investigation concerns whether the PNG Board of Directors breached their fiduciary duties to stockholders by failing to maximize shareholder value.
If you own PNG common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/paa-natural-gas-png/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.