SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Crestwood Midstream Partners LP And Encourages Investors To Contact The Firm For Additional Information

STEVENSON, Md.--()--The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Crestwood Midstream Partners LP (“Crestwood” or the “Company”) (NYSE: CMLP) relating to the proposed buyout of the Company by Crestwood Equity Partners LP (“Crestwood Equity”).

Under the terms of the transaction, Crestwood’s unitholders will receive 2.75 units of Crestwood Equity for each Crestwood unit they own. The transaction may undervalue Crestwood and may result in a substantial loss for many shareholders. For example, the offer price was announced just prior to the Crestwood’s announcement of strong financial results, and the offer price is significantly below Crestwood’s book value and 52-week high stock price.

The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company’s shares of common stock.

If you currently own common stock of Crestwood and believe that the proposed buyout price is too low, or you would like to learn more about the investigation being conducted by Brower Piven, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.

Contacts

Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
hoffman@browerpiven.com

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