Bernstein Liebhard LLP Announces Investigation Into The Proposed Sale Of Arc Logistics Partners LP

NEW YORK, Oct. 9, 2017 /PRNewswire/ -- Bernstein Liebhard LLP is investigating whether the Board of Directors of Arc Logistics Partners LP ("Arc" or the "Company") (NYSE: ARCX) is breaching its fiduciary duties to its unitholders by agreeing to sell the Company to Zenith Energy U.S., L.P.  Under the terms of the acquisition agreement, Arc's unitholders will receive $16.50 in cash for each Arc unit they own (the "Acquisition").

The investigation is focused on the potential unfairness of the consideration offered to Arc unitholders and the process by which the Arc Board of Directors considered and approved the Acquisition.

If you currently own Arc units and are interested in discussing your rights, please contact Joseph R. Seidman, Jr. at [phone] or [e-mail].

Bernstein Liebhard LLP has pursued hundreds of securities, consumer, and shareholder rights cases and recovered over $3.5 billion for its clients.  The Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times.

ATTORNEY ADVERTISING. © 2017 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, [phone]. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information
Joseph R. Seidman, Jr.
Bernstein Liebhard LLP
http://www.bernlieb.com
[phone]
[e-mail]

 

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SOURCE Bernstein Liebhard LLP

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