Finkelstein Thompson LLP Announces Investigation of Pioneer Southwest Energy Partners, L.P. Buyout
13 August 2013 - 2:27AM
Business Wire
The law firm of Finkelstein Thompson LLP is investigating
potential claims on behalf of unitholders of Pioneer Southwest
Energy Partners, L.P. (NYSE: PSE) (“Pioneer Southwest” or “the
Company”), concerning the Company’s proposed acquisition by Pioneer
Natural Resources Co. (NYSE: PXD) (“Pioneer”). Under the terms of
the merger agreement, Pioneer Southwest’s public unitholders will
receive 0.2325 shares of Pioneer common stock for each of their
Pioneer Southwest common units. Based on Pioneer’s current trading
price at 11:35 AM EST, the offer is worth about $40.18 per share,
which is about 0.6% lower than Pioneer Southwest’s Friday closing
unit price of $40.41. The total deal is worth approximately $1.46
billion.
The investigation is focused on the potential unfairness of the
consideration to unitholders, the process by which Pioneer
Southwest’s Board of Directors considered the transaction, and
potential conflicts of interest among the Company’s Board
members.
If you are interested in discussing your rights as a Pioneer
Southwest unitholder, 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-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
website at www.finkelsteinthompson.com. Attorney advising. Prior
results do not guarantee similar outcomes.
Finkelstein Thompson LLPElizabeth R. Makris877-337-1050
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