NEW YORK--(BUSINESS WIRE)--Kirby McInerney LLP is investigating potential claims against Regency Energy Partners LP (“Regency” or the “Company”) (NYSE:RGP) concerning the proposed acquisition of the Company by Energy Transfer Partners, L.P. (“ETP”) (NYSE: ETP). Under the terms of the definitive merger agreement, Regency unitholders will receive $0.32 in cash and 0.4066 of an ETP common unit for each Regency common unit they own, valuing the deal at approximately $26.89 per Regency unit. The total transaction value is approximately $18 billion, including the assumption of net debt and other liabilities of $6.8 billion.
The investigation concerns whether the Regency Board of Directors violated its fiduciary duties by agreeing to the proposed transaction and whether the proposed consideration adequately values the Company’s common unit.
If you are a Regency unitholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at email@example.com, or telephone at (212) 699-1145, Melissa Fortunato, Esq. by email at firstname.lastname@example.org, or telephone at (212) 699-1141, or toll free at (888) 529-4787, or by filling out this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.