NEW YORK, Jan. 28, 2015 /PRNewswire/ -- Levi & Korsinsky commences an investigation the Board of Directors of Regency Energy Partners LP ("Regency Energy" or "the Company") (NYSE: RGP) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Energy Transfer Partners, L.P. ("ETP").
Click here to learn more about the investigation: http://zlk.9nl.com/regency-energy-partners-rgp.
Under the terms of the transaction, Regency Energy unitholders will receive a total offer price of $26.89 per unit, consisting of 0.4066 ETP common units and a cash payment of $0.32 for each common unit of Regency Energy they own. The proposed transaction is valued at approximately $18 billion, including assumption of net debt and other liabilities of $6.8 billion. 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 shares. In particular, at least one financial analyst set a price target of $34.00 per share for Regency Energy stock.
If you own Regency Energy common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/regency-energy-partners-rgp.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
SOURCE Levi & Korsinsky, LLP