NEW YORK, Jan. 5, 2018 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Archrock Partners,
L. P. ("APLP" or the "Company") (NASDAQ: APLP) in connection with
the proposed acquisition of the Company by Archrock, Inc. ("AROC")
(NYSE: AROC). Under the terms of the acquisition agreement,
the Company's shareholders will receive 1.40 shares of AROC for
each APLP share they own, representing consideration of
$12.81 based on AROC's January 2 trading price of $9.15.
WeissLaw is investigating whether APLP's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, at least one analyst set a target price of $19.00, which is nearly twice the per-share
consideration being offered to APLP shareholders by AROC.
Additionally, the Company recently announced positive financial
results. It reported revenue of $140.2
million in the third quarter of 2017; representing an
increase of $1.9 million when
compared to the $138.3 million
reported in the previous period, and an increase of $4.7 million when compared to the $135.5 million reported in the period of the
previous year.
Given these facts, WeissLaw is investigating whether APLP's
shareholders will obtain their fair and proportionate share of the
Company's continued success and future growth prospects. If
you own APLP shares and would like more information about your
rights or our investigation, or if you have information to share
with us, please contact Joshua
Rubin by telephone at (888) 593-4771 or by
email at stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form
on our website,
http://www.weisslawllp.com/archrock-partners-l-p/
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SOURCE WeissLaw LLP