NEW YORK, Dec. 7, 2016 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in OCI Partners LP (NYSE: OCIP), concerning the proposed going private transaction of OCIP by OCI N.V. ("OCI"). OCI currently owns 79.88% of issued and outstanding common units of OCIP. According to Carl Stine, who is a partner at Wolf Popper, "OCI appears to be trying to use its majority stake to buy OCIP at a bargain-basement price."
Under the terms of the proposed transaction, OCIP's unitholders would receive 0.5200 OCI shares for each OCIP unit they own. The proposed offer would have a preliminary equity value of approximately $679 million, or $7.80 per unit. However, the proposed offer price would be below OCIP's 52-week high of $8.10 per unit and substantially below the median analyst price target of $11.40 per unit.
Wolf Popper is investigating claims whether the proposed offer price would unfairly undervalue the inherent value of OCIP and OCIP unitholders would not be receiving the maximum value for their units. OCIP unitholders seeking more information about the transaction or Wolf Popper's investigation can contact Mr. Stine at (212) 759-4600 or firstname.lastname@example.org.
Wolf Popper has extensive experience representing investors in mergers and acquisition lawsuits and has successfully ensured that investors receive the maximum compensation. Twelve Wolf Popper attorneys were named Rising Stars or Super Lawyers in the 2016 Super Lawyers New York City Metro Edition, including Wolf Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the New York City Metro area. View Wolf Popper attorney biographies at www.wolfpopper.com.
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SOURCE Wolf Popper LLP