Levi & Korsinsky is investigating the Board of Directors of QR Energy, LP (“QR Energy” or “the Company”) (NYSE:QRE) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Breitburn Energy Partners LP (Nasdaq:BBEP).
Click here to learn more about the investigation: http://zlk.9nl.com/qr-energy-qre, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, QR Energy common shareholders and owners of Class B units will receive approximately 0.9856 of a Breitburn unit for each unit of QR Energy they own, representing approximately $22.48 per share. Shareholders owning approximately 37% of outstanding QR Energy units have already agreed to tender their shares. The investigation concerns whether the QR Energy Board breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Breitburn Energy Partners LP is underpaying for QR Energy shares.
If you own QR Energy common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/qr-energy-qre.Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s 26 attorneys have 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.