SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims That the Merger May Not Be in the Best Interest of Investors of PVR Partners, L.P. - PVR
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NEW YORK, Oct. 10, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of PVR Partners, L.P. ("PVR" or the "Company") (NYSE: PVR) (ISIN: US6936651016) (CUSIP: 693665101) concerning the proposed acquisition of PVR by Regency Energy Partners L.P. ("Regency") in a transaction valued at approximately $5.6 billion, including the assumption of net debt of $1.8 billion.
The investigation concerns whether the PVR directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, PVR unitholders will receive 1.020 common units of Regency for each PVR unit held, as well as a one-time cash payment estimated to be approximately $40 million in the aggregate. However, the price of Regency common units has declined on October 10, 2013, the first day of trading following the announcement of the agreement.
PVR unitholders seeking more information about this acquisition are advised to contact Robert Willoughby at firstname.lastname@example.org or 212-661-1100 or 888-476-6529, ext. 237.
The firm is also investigating actions on behalf of shareholders for the following companies: Edgen Group Inc. and The Active Network, Inc.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.