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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Williams Partners, L.P. Common Units Representing Limited Partner Interests (delisted) | NYSE:WPZ | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 47.37 | 0 | 01:00:00 |
WILMINGTON, Del., Sept. 28, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A.:
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Williams Partners L.P. ("Williams" or the "Company") (NYSE: WPZ) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Energy Transfer Equity, L.P. ("ETE") (NYSE: ETE).
Click here to learn more: http://rigrodskylong.com/investigations/williams-partners-l-p-wpz-buyout.
Under the terms of the agreement, Energy Transfer Corp LP ("ETC"), an affiliate of ETE, will acquire Williams at an implied current price of $43.50 per Williams share. Williams' stockholders will have the right to elect to receive as merger consideration either ETC common shares, which would be publicly traded on the NYSE under the symbol "ETC", and / or cash.
The investigation concerns whether Williams' board of directors failed to adequately shop the Company and obtain the best possible value for Williams' shareholders before entering into an agreement with ETE. According to Yahoo! Finance, at least one analyst has issued a price target for Williams stock at $65.00 per share.
If you own the common stock of Williams Partners and purchased your shares before September 28, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://rigrodskylong.com/investigations/williams-partners-l-p-wpz-buyout.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/williams-partners-lp-shareholder-alert-rigrodsky--long-pa-announces-investigation-of-buyout-300149963.html
SOURCE Rigrodsky & Long, P.A.
Copyright 2015 PR Newswire
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