NEW YORK, April 22, 2015 /PRNewswire/
-- Harwood Feffer LLP (www.hfesq.com) is investigating
potential claims against the board of directors of LRR Energy, L.P.
("LRR" or the "Company") (NYSE: LRE) concerning the proposed
acquisition of the Company by Vanguard Natural Resources
("VNR").
Under the terms of the transaction, VNR would purchase LRR in a
transaction valued at approximately $540
million. LRR unitholders would receive 0.55 Vanguard
common units per LRR Energy common unit, or a value of $8.93 per LRR Energy common unit. This
offer price represents a premium below that of comparable
transactions in previous years and is less than at least one recent
analyst target price.
Our investigation concerns whether the LRR board of directors is
fulfilling its fiduciary duties, maximizing the value of the
Company, disclosing all material benefits and costs, and obtaining
full and fair consideration for Company stockholders.
If you own LRR shares and wish to discuss this matter with us,
or have any questions concerning your rights and interests with
regard to this matter, please contact:
Benjamin I. Sachs-Michaels,
Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising. The law firm responsible for this
advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results
do not guarantee or predict a similar outcome with respect to any
future matter.
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SOURCE Harwood Feffer LLP