NEW YORK, May 30, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of PetroLogistics LP ("PetroLogistics" or the "Company") (NYSE: PDH) concerning the proposed acquisition of the Company by subsidiary of Koch Industries ("Koch").
Under the terms of the transaction, Koch will acquire PetroLogistics for approximately $2.1 billion. PetroLogistics's unaffiliated unit holders will receive $14 cash per unit.
Our investigation concerns whether the PetroLogistic 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 unit holders.
If you own PetroLogistic 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:
Benjamin I. Sachs-Michaels, Esq. Robert I. Harwood, Esq. Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212)935-7400 Email: email@example.com Website: http://www.hfesq.com
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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