Finkelstein Thompson LLP Announces Investigation of Encore Energy Partners, LP
12 July 2011 - 4:16AM
Business Wire
Finkelstein Thompson LLP is investigating potential claims on
behalf of shareholders of Encore Energy Partners, LP (“Encore” or
the “Company”) (NYSE: ENP), concerning the proposed acquisition of
the Company by Vanguard Natural Resources, LLC (“Vanguard”) (NYSE:
VNR). Under the terms of the transaction, Encore shareholders would
receive .75 shares of Vanguard stock for each share of Encore stock
they own, with each share portion worth about $21.77 based on
Vanguard’s current share price. The total transaction would be
worth approximately $555 million. According to Yahoo! Finance,
analysts have set a low target price of $23.00 per share and a high
target price of $25.00 per share for Encore stock.
The investigation is focused on the potential unfairness of the
consideration to Encore’s shareholders, the process by which the
Company’s Board of Directors considered the transaction, and
potential conflicts of interests among Encore’s Board members.
If you are interested in discussing your rights as an Encore
shareholder, or have information relating to this investigation,
please contact Finkelstein Thompson's Washington, DC offices at
(877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or co-lead
counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
web site at www.finkelsteinthompson.com. Attorney advertising.
Prior results do not guarantee similar outcomes.
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