NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of PAA Natural Gas Storage, LP (NYSE:PNG) (“PAA”) regarding possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Plains All American Pipeline, LP (“PAAP”).
Click here to learn about the case: http://docs.wongesq.com/PNG-Info-Request-Form-107. There is no cost or obligation to you.
Under the terms of the transaction, PAA shareholders will receive 0.445 common units of PAAP for each unit of PAA stock surrendered, plus cash in lieu of any fractional common units of PAAP otherwise issuable in the merger. PAAP already owns 100% of the outstanding subordinated units of PAA and approximately 46% of PAA’s outstanding common units. The investigation concerns whether the PAA Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company to obtain the best possible value for PAA shareholders.
If you own common stock in PAA and wish to obtain additional information, please contact Vincent Wong, Esq. either via email firstname.lastname@example.org, by telephone at 212.425.1140, or visit http://docs.wongesq.com/PNG-Info-Request-Form-107.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.