NEW YORK, Feb. 1, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of ONEOK Partners, L.P. (the "Partnership") (NYSE: OKE) concerning the proposed acquisition of the Partnership by ONEOK, Inc. ("ONEOK").
Under the terms of the offer, ONEOK would acquire the outstanding units of Partnership that it does not already own in a transaction valued at approximately $9.3 billion. Pursuant to the deal, Partnership unitholders will receive 0.985 shares of ONEOK per unit owned.
Our investigation concerns whether the Partnership's board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company unitholders.
If you own Partnership units and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
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Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP