Rigrodsky & Long, P.A. Announces Investigation Of Pioneer Southwest Energy Partners L.P. Buyout
20 Agosto 2013 - 1:24PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Pioneer
Southwest Energy Partners L.P. (NYSE: PSE)?
- Did you purchase any of your shares
prior to August 12, 2013?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Pioneer
Southwest Energy Partners L.P. (“Pioneer Southwest” or the
“Company”) (NYSE: PSE) regarding possible breaches of fiduciary
duties and other violations of law related to the Company’s receipt
of a proposal to be acquired by Pioneer Natural Resources Company
(“Pioneer”) (NYSE: PXD) in a transaction valued at approximately
$1.3 billion.
Click here to learn more:
http://www.rigrodskylong.com/investigations/pioneer-southwest-energy-partners-lp-pse-buyout.
Under the terms of the proposal, public shareholders of Pioneer
Southwest will receive 0.2325 shares of Pioneer for each share of
Pioneer Southwest they own. Based upon Pioneer’s closing stock
price of $166.36 on August 19, 2013, Pioneer Southwest shareholders
would have received consideration valued at approximately $38.67
per share.
The investigation concerns the Company’s board of directors’
process for consideration of the proposed transaction, whether
Pioneer Southwest is acting in its shareholders’ best interests and
whether the proposed consideration to be paid to Pioneer
Southwest’s shareholders would be fair and adequate. According to
Yahoo! Finance, at least one analyst has set a price target for
Pioneer Southwest stock at $46.00 per share.
If you own the common stock of Pioneer Southwest and purchased
your shares before August 12, 2013, 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 Rigrodsky or Shaye Fuchs at Rigrodsky
& Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City,
New York 11530, by telephone at (888) 969-4242; by e-mail to
info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/pioneer-southwest-energy-partners-lp-pse-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.
Rigrodsky & Long, P.A.Seth D. RigrodskyShaye
Fuchs888-969-4242516-683-3516Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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