El Paso Pipeline Partners LP Merger Litigation (NYSE: EPB)
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of
El Paso Pipeline Partners LP in Connection with the Sale of the Company -EPB
BALA CYNWYD, August 15, 2014 /PR Newswire/ –Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of El Paso Pipeline Partners LP (“El Paso” or the “Company”) (NYSE –EPB-News) relating to the proposed acquisition by Kinder Morgan, Inc. (“Kinder Morgan”).
Under the terms of the transaction, El Paso shareholders will receive only $4.65 in cash and 0.9451 of a share of Kinder Morgan stock for each share of El Paso stock they own. The transaction values El Paso stock at approximately $38.79 per share. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of El Paso for not acting in the Company’s shareholders' best interests in connection with the sale process. The transaction may undervalue the Company and would result in a loss for many long-term El Paso shareholders. For example, El Paso stock traded at $44.61 per share on July 15, 2013 and an analyst has set a price target on El Paso stock at $45.00 per share
If you own shares of El Paso stock 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 602, Bala Cynwyd, PA 19004, by e-mail at email@example.com, 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 case 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 successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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