BALA CYNWYD, Pa., Jan. 26, 2015 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Regency Energy Partners L.P. ("Regency Energy" or "the Company") (NYSE-RGP-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Energy Transfer Partners ("ETP").
Click here to learn more about the investigation http://brodsky-smith.com/880-rgp-regency-energy-partners-lp.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Regency Energy shareholders will only receive 0.4066 shares of ETP and $0.32 in cash for each share of Regency Energy stock they own. The transaction values the Company at only approximately $26.89 per share. The investigation concerns whether the Board of Regency Energy breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether ETP is underpaying for Regency Energy. The transaction may undervalue Regency Energy and will result in a loss for many shareholders. For example, Regency Energy shares traded at $32.98 on August 29, 2014 and an analyst has set a $34.00 per share price target on the stock.
If you own shares of Regency Energy and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/880-rgp-regency-energy-partners-lp.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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