Bernstein Liebhard LLP is investigating whether the Board of Directors of Penn Virginia GP Holdings LP (“Penn Virginia GP” or the “Company”) (NYSE: PVG) breached its fiduciary duty to its shareholders in agreeing to sell the Company to Penn Virginia Resource Partners LP (“Penn Virginia Resource”) (NYSE: PVR).
Under the terms of the agreement, Penn Virginia GP shareholders will receive 0.98 units of Penn Virginia Resource units for each share of common stock they own, for a price of approximately $24.43 per share, placing the total value of the transaction at approximately $954.5 million. The investigation is focused on the potential unfairness of the price to Penn Virginia GP shareholders and the process by which the Penn Virginia GP Board of Directors considered and approved the transaction.
If you are interested in discussing your rights as a Penn Virginia GP shareholder and/or have information relating to the matter, please contact Dan Fried at (877) 779-1414 or
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