Encore Energy Partners, LP Merger Litigation (NYSE: ENP)
Law Office of Brodsky & Smith, LLC Announces Investigation of Encore Energy Partners, LP
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Encore Energy Partners, LP (“Encore Energy” or the “Company”) (NYSE - ENP- News) relating to the proposed acquisition by Vanguard Natural Resources, LLC (“Vanguard”).
Under the terms of the transaction Encore Energy shareholders would receive .75 shares of Vanguard common units for each share of Encore Energy stock they own. The transaction values Encore Energy at approximately $21.77 per share. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Encore Energy by not acting in the Encore Energy shareholders' best interests in connection with the sale process to Vanguard. The transaction may undervalue Encore Energy as Encore Energy stock traded at $25.29 on May 2, 2011 and an analyst has set a price target of $25.00 for Encore Energy stock
If you own shares of Encore Energy stock and wish to discuss the legal ramifications of the proposed transaction, 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 by calling toll free 877-LEGAL-90.
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