Newman Ferrara LLP has begun an investigation into potential claims against the Board of Directors of PVR Partners L.P. (“PVR”) (NYSE: PVR) concerning the proposed acquisition of PVR by Regency Energy Partners L.P. (NYSE: RGP). PVR has entered into an agreement and plan of merger to be acquired by Regency in a unit-for-unit transaction valued at approximately $5.6 billion. Pursuant to the agreement, PVR shareholders will receive 1.020 common units of Regency for each unit of PVR owned and a one-time payment of $40 million upon closing of the proposed deal. Based on Regency’s closing price on October 9, 2013, the transaction would provide consideration valued at approximately $28.68 per common unit to PVR unitholders. Newman Ferrara’s investigation concerns whether PVR’s Board of Directors has breached its fiduciary duties to act in the best interests of PVR unitholders. The investigation focuses on the potential unfairness of the consideration being provided to PVR unitholders and the process by which PVR’s Board of Directors approved the proposed deal. Concerned investors may contact Newman Ferrara attorney Roy Shimon at email@example.com or (212) 619-5400 to discuss this investigation, their rights, or potential remedies. Newman Ferrara maintains a multifaceted practice based in New York City with attorneys specializing in complex commercial and multi-party litigation, securities fraud and shareholder litigation, consumer protection, civil rights, and real estate. For more information, please visit the firm website at www.nfllp.com.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Press Releases
NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling
The Supreme Court rules that previous congressional action forbidding states from legalizing sports betting was unconstitutional.
Walmart CEO: 'We Are Transforming Globally' With Flipkart
On its investor call on Wednesday morning, Walmart discusses the Flipkart deal.
March 24 Full-Day Course Offering: Professional Approach to Trading SPX
OptionsProfits, the CBOE, and Option Pit are hosting a class on March 24 that covers a wide variety of methods to trade the S&P 500.