BALA CYNWYD, Pa., Jan. 8, 2016 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Targa Resources Partners LP ("NGLS" or "the Company") (NYSE- NGLS-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Targa Resources Corp. ("TRGP").
Click here to learn more about the investigation http://brodsky-smith.com/1018-ngls-targa-resources-partners-lp.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, NGLS unitholders will receive only 0.62 of a share of TRGP stock for each unit of NGLS they own. The investigation concerns whether the Board of NGLS breached their fiduciary duties to unitholders and whether TRGP is underpaying for the Company. First, units of NGLS are down more than 42% since the beginning of 2014 and are trading at their lowest price in the last five years. Next, it has been reported that management previously turned down a takeover offer that would have valued the combined company at $15 billion, citing their belief that the price was too low. However, this transaction values the combined company at only $9 billion.
If you own units of NGLS 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/1018-ngls-targa-resources-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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