Faruqi & Faruqi, LLP, a leading New York securities firm, is investigating the Board of Directors of Buckeye GP Holdings L.P. (“BGH” or the “Company”) (NYSE: BGH) for possible breaches of fiduciary duty and other violations of state law or federal law in connection with their attempt to sell the Company to Buckeye Partners, L.P. (“BPL”). Under the terms of the transaction, BGH unitholders will receive 0.705 BPL limited partnership units in exchange for each BGH limited partnership unit they own. Based on the prior closing price of BPL units, the transaction values BGH units at approximately $41.01 each for a total transaction value of approximately $1.14 billion. Affiliates of ArcLight Capital Partners, LLC and Kelso & Company, which control approximately 62% of BGH’s limited partnership units, have committed to vote in favor of the merger, subject to limited exceptions.

The investigation concerns whether the transaction is undervaluing the Company and whether the BGH Board of Directors breached their fiduciary duties to BGH stockholders by failing to adequately shop the Company before entering into this transaction.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in BGH and wish to obtain additional information, please visit us at http://www.faruqilaw.com/merger.php or contact Juan E. Monteverde, Esq. either via email at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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