STEVENSON, Md., July 16, 2015 /PRNewswire/ -- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of MarkWest Energy Partners ("MarkWest" or the "Company") (NYSE: MWE) relating to the proposed buyout of the Company by MPLX LP for approximately $15.8 billion.
Under the terms of the transaction, MarkWest shareholders are anticipated to receive 1.09 MPLX common units and a one-time cash payment of approximately $3.37 per MarkWest common unit, for total consideration of $78.64 for each share of Company common stock they own. The transaction may undervalue MarkWest and may result in a substantial loss for many shareholders. For example, according to Yahoo! Finance, at least one Wall Street analyst has issued a price target for MarkWest stock at $86.00 per share.
The firm's investigation seeks to determine, among other things, whether the Company's Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company's shares of common stock.
If you currently own common stock of MarkWest and believe that the proposed buyout price is too low, or you would like to learn more about the investigation being conducted by Brower Piven, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at email@example.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.
Charles J. Piven
Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
SOURCE Brower Piven, A Professional Corporation