WILMINGTON, Del., April 23, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A.:
- Do you own shares of LRR Energy, L.P. (NYSE: LRE)?
- Did you purchase any of your units prior to April 20, 2015?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of LRR Energy, L.P. ("LRE" or the "Company") (NYSE: LRE) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Vanguard Natural Resources, LLC ("Vanguard") (NASDAQ GS: VNR).
Click here to learn more: http://www.rigrodskylong.com/investigations/lrr-energy-l-p-lre.
Under the terms of the agreement, shareholders of LRE will receive 0.55 of a unit of Vanguard for each unit of LRE owned. Based of Vanguard's closing price on April 20, 2015, LRE unitholders would have received compensation valued at approximately $8.93 per unit.
The investigation concerns whether LRE's board of directors failed to adequately shop the Company and obtain the best possible value for LRE's unitholders before entering into an agreement with Vanguard. According to Yahoo! Finance, at least one analyst has issued a price target for LRE stock at $16.00 per unit.
If you own the common stock of LRE and purchased your shares before April 20, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to [email protected], or at: http://www.rigrodskylong.com/investigations/lrr-energy-l-p-lre.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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SOURCE Rigrodsky & Long, P.A.