Harwood Feffer LLP Announces Investigation of Targa Resources Partners LP

Nov 03, 2015, 15:53 ET from Harwood Feffer LLP

NEW YORK, Nov. 3, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Targa Resources Partners LP ("Targa" or the "Company") (NYSE: NGLS) concerning the proposed acquisition of the Company by Targa Resources Corp. ("TRC") (NYSE: TRGP).

Under the terms of the offer, the TRC would acquire Targa in a transaction valued at approximately $6.7 billion.  Pursuant to the deal, Targa unitholders would receive 0.62 TRC common shares per common unit of Targa, worth approximately $35.  In June 2014, Targa rejected a $90 per share buyout offer. 

Our investigation concerns whether the Targa 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 Targa 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: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer

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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