Finkelstein Thompson LLP is investigating potential claims on behalf of unitholders of Penn Virginia GP Holdings, L.P. (“PVG” or the “Company”) (NYSE: PVG) concerning the sale of the Company to Penn Virginia Resource Partners, L.P. (“PVR”) for approximately $954.5 million through a unit for unit exchange. If the transaction is completed, PVG unitholders will receive 0.98 PVR limited partnership units in exchange for each PVG unit they own at closing, for an implied value of $23.57 per unit based on PVR’s closing price on September 21, 2010.
The investigation is focused on the potential unfairness of the consideration to PVG unitholders, the process by which the Board of Directors considered the transaction, and potential conflicts of interests among PVG Board members. According to Yahoo! Finance, at least one analyst has set a target price of $28 for PVG units. Moreover, as a result of the transaction at least three Board members of PVG’s general partner will join the board of PVR’s general partner, and both PVG and PVR have the same chief executive officer.
If you are interested in discussing your rights as a PVG unitholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at firstname.lastname@example.org.
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