LRR ENERGY L.P. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of LRR Energy L.P. Over the Proposed Sale of...
22 Abril 2015 - 4:32PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of LRR Energy L.P.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of LRR Energy L.P. (“LRE” or
the “Company”) (NYSE:LRE) for potential breaches of fiduciary
duties in connection with the sale of the Company to Vanguard
Natural Resources, LLC (“Vanguard”) (NASDAQ:VNR) for approximately
$539 million, including the assumption of LRE’s debt. The Company’s
stockholders will receive 0.55 shares of Vanguard for each share of
LRE common stock they own in an all-stock transaction. Based on
Vanguard’s April 20, 2015 closing price, the consideration which
will be received by LRE’s shareholders is valued at approximately
$8.93 per share, which represents a 13% premium to LRE’s April 20
closing price.
Click here for more information:
www.faruqilaw.com/LRE. There is no cost or obligation to
you.
The investigation focuses on whether LRE’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by
failing to conduct a fair sales process and whether and by how much
this proposed transaction undervalues the Company to the detriment
of LRE’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients. To keep track of the latest
securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
www.facebook.com/FaruqiLaw.
If you own common stock in LRE and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/LRE or contact Juan E. Monteverde,
Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone
at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2015 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212)
983-9330
(NYSE:LRE)
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