SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Pioneer Southwest Energy Partners L.P.
Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Pioneer Southwest
Energy Partners L.P. (“Pioneer Southwest” or the “Company”) (NYSE: PSE)
relating to the proposed acquisition by Pioneer Natural Resources
Company (“Pioneer Natural”).
Click here to learn more about the investigation http://brodsky-smith.com/582-pse-pioneer-southwest-energy-partners-lp.html,
or call 877-534-2590. There is no cost or obligation to you.
Under the terms of the offer, Pioneer Southwest shareholders will
receive only 0.2234 shares of Pioneer Natural for each common unit of
Pioneer Southwest they own. The offer values each common unit of Pioneer
Southwest at approximately $30.78. The investigation concerns possible
breaches of fiduciary duty and other violations of state law by the
Board of Directors of Pioneer Southwest for not acting in the Company’s
shareholders' best interests in connection with the sale process. The
offer may undervalue the Company as Pioneer Southwest stock traded at
$32.20 per share as recently as May 7, 2013 and traded at $32.66 per
share on July 21, 2011. In addition, Pioneer Natural currently owns
52.4% of Pioneer Southwest outstanding publicly traded common units and
is the sole owner of the Company’s general partner.
If you own shares of Pioneer Southwest common units and wish to discuss
the legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith,
Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd,
PA 19004, by e-mail at investorrelations@brodsky-smith.com,
by visiting http://brodsky-smith.com/582-pse-pioneer-southwest-energy-partners-lp.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise
representing shareholders throughout the nation in securities and case
action lawsuits. The attorneys at Brodsky & Smith have been appointed by
numerous courts throughout the country to serve as lead counsel in class
actions and successfully recovered millions of dollars for our clients
and shareholders. Attorney advertising. Prior results do not guarantee a
similar outcome.
<div class="copyright">
Copyright Business Wire 2013
</div>