QEP MIDSTREAM PARTNERS, LP SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe & Powers Taylor LLP Investigate Sale to Teso...
08 Abril 2015 - 11:40AM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor
LLP are investigating potential claims against the Board of
Directors of QEP Midstream Partners, LP (“QEP”) (NYSE: QEPM)
concerning the sale to Tesoro Logistics LP (NYSE: TSO). Under the
terms of the agreement, QEP shareholders will only receive 0.3088
of a unit of TSO for each common unit of QEP held. Based on the
closing price of both stocks before the announcement, the
transaction values QEP units at approximately $17.09, which is
significantly lower than the 52-week high and at least one
analyst’s estimated value of $20.00 per unit.
If you are an affected investor, and you want to learn more
about the investigation or if you have information that you believe
would be helpful to our investigation of the fairness of the
proposed transaction, contact Willie Briscoe at The Briscoe Law
Firm, PLLC via email at shareholders@thebriscoelawfirm.com, Patrick
Powers at Powers Taylor LLP via e-mail at
shareholder@powerstaylor.com or by calling toll free at (877)
728-9607. There is no cost or fee to you.
The investigation centers on whether QEP’s Board of Directors is
acting in the shareholders’ best interests, whether the board
considered alternatives to the acquisition, and whether the board
has employed an adequate process to review and act on the proposed
transaction. Notably, at least one analyst with Yahoo Finance!
believes the true inherent value of the stock could be as high as
$20.00.
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles
a variety of complex business litigation matters, including claims
of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
The Briscoe Law Firm, PLLCWillie Briscoe,
877-728-9607shareholders@thebriscoelawfirm.comorPowers Taylor
LLPPatrick Powers, 877-728-9607shareholder@powerstaylor.com
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