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 QR Energy, LP (“QR”) (NYSE: QRE) concerning the acquisition
by Breitburn Energy Partners, LP. Under the terms of the agreement,
valued at approximately $3 billion, including debt and Class C
convertible preferred units, QR shareholders will only receive 0.9856 of
a Breitburn share for each QR share owned. Based on Breitburn’s closing
price on Wednesday that equates to about $22.48 a share.
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, (214)
239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com,
or Patrick Powers at Powers Taylor LLP, toll free (877) 728-9607, via
e-mail at shareholder@powerstaylor.com.
There is no cost or fee to you.
The investigation centers on whether QR’s Board of Directors is acting
in the shareholders’ best interests, whether the board considered
alternatives to the merger, and whether the board has employed an
adequate process to review and act on the proposed transaction.
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.
Copyright Business Wire 2014