Bull & Lifshitz, LLP Announces Investigation Of The Acquisition Of Inergy Holdings L.P.
Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed acquisition of Inergy Holdings L.P. (NYSE: NRGP - News) (referred to as "NRGP" or the “Company”) by Inergy, L.P. (NYSE: NRGY - News) (referred to as "NRGY") in a deal that includes the issuance of $2 billion in NRGY common units.
Under the proposed agreement, NRGP unitholders would receive 0.77 NRGY limited partnership units in exchange for each NRGP limited partnership unit owned at closing, an approximate value of $33 per NRGP unit. Upon closing of the merger, the former owners of NRGP will own approximately 43.8% of the combined entity.
Certain members of management that control over 50% of NRGP’s limited partnership units have committed to vote in favor of the merger.
The boards of directors of both the managing general partner of NRGY and the general partner of NRGP unanimously approved the transaction.Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Company’s unitholders. If you are a holder of NRGP limited partnership units and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions. If you are a unitholder of NRGP and would like more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: firstname.lastname@example.org. All e-mail correspondence should make reference to NRGP. Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at www.nyclasslaw.com. ATTORNEY ADVERTISING . © 2010 Bull & Lifshitz, LLP. The law firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East 41 st Street, New York, New York 10017, (212) 213-6222. Prior results do not guarantee or predict a similar outcome with respect to any future matter .
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