NEW YORK, April 22, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of LRR Energy, L.P. ("LRR" or the "Company") (NYSE: LRE) concerning the proposed acquisition of the Company by Vanguard Natural Resources ("VNR").
Under the terms of the transaction, VNR would purchase LRR in a transaction valued at approximately $540 million. LRR unitholders would receive 0.55 Vanguard common units per LRR Energy common unit, or a value of $8.93 per LRR Energy common unit. This offer price represents a premium below that of comparable transactions in previous years and is less than at least one recent analyst target price.
Our investigation concerns whether the LRR 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 stockholders.
If you own LRR shares 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
Email: [email protected]
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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