NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased NuStar GP Holdings, LLC (“NSH” or the “Company”) (NYSE:NSH) stock prior to February 8, 2018.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of NSH to a subsidiary of NuStar Energy L.P. (NYSE:NS). Under the terms of the transaction, NSH unitholders will receive 0.55 of a NuStar Energy common unit for each NSH unit they own. To learn more about the action and your rights, go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The investigation concerns whether the Board of NSH breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether NuStar Energy L.P. is underpaying for NSH shares, thus unlawfully harming NSH shareholders. The Chairman of the Board of both NSH and NuStar Energy, William E. Greehey, who controls 21% of the outstanding NSH units, has agreed to vote the NSH units controlled by him in favor of the merger.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171