The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Atlas Energy, L.P. (“ATLS” or the “Company”) (NYSE: ATLS) relating to the proposed buyout of the Company by Targa Resources Corp. (“TRGP”). On October 13, 2014, ATLS and TRGP announced the signing of a definitive agreement pursuant to which TRGP will acquire ATLS in a transaction valued at approximately $1.9 billion. Under the terms of the transaction, ATLS unit-holders are anticipated to receive: 1) $9.12 in cash; 2) 0.1809 of a share of TRGP common stock; and 3) a pro rata share in 100% of ATLS' distributed non-midstream assets for each common unit of ATLS they own. The firm’s investigation seeks to determine, among other things, whether ATLS’s Board of Directors failed to satisfy their duties to the Company’s shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for the Company’s shares of common stock. If you currently own common stock of ATLS and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at email@example.com or by telephone at (410) 415-6616. Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.
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