QR ENERGY SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe And Powers Taylor LLP Believe The Acquisition Of QR Energy By Breitburn May Be Unfair To Shareholders
Former United States Securities and Exchange Commission attorney
Briscoe and the securities litigation firm of
Taylor LLP are investigating potential claims against the Board of
Directors of QR Energy,...
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of QR Energy, LP (“QR”) (NYSE: QRE) concerning the acquisition by Breitburn Energy Partners, LP. Under the terms of the agreement, valued at approximately $3 billion, including debt and Class C convertible preferred units, QR shareholders will only receive 0.9856 of a Breitburn share for each QR share owned. Based on Breitburn’s closing price on Wednesday that equates to about $22.48 a share. If you are an affected investor, and you want to learn more about the investigation or if you have information that you believe would be helpful to our investigation of the fairness of the proposed transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Patrick Powers at Powers Taylor LLP, toll free (877) 728-9607, via e-mail at email@example.com. There is no cost or fee to you. The investigation centers on whether QR’s Board of Directors is acting in the shareholders’ best interests, whether the board considered alternatives to the merger, and whether the board has employed an adequate process to review and act on the proposed transaction. The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters. Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.