SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of QEP Midstream Partners, LP - QEPM
BALA CYNWYD, Pa., April 7, 2015 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of QEP Midstream Partners, LP ("QEP Midstream" or "the Company") (NYSE -QEPM-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Tesoro Logistics LP ("Tesoro").
Click here to learn more about the investigation http://brodsky-smith.com/914-qepm-qep-midstream-partners-lp.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, QEP Midstream unitholders will receive only 0.3088 of a unit of Tesoro for each common unit of QEP Midstream they own. The transaction values QEP Midstream units at only approximately $17.09 per unit. The investigation concerns whether the Board of QEP Midstream breached their fiduciary duties to unitholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Tesoro is underpaying for QEP Midstream. The transaction may both undervalue QEP Midstream and Tesoro currently owns approximately a 55.8% limited partner interest in QEP Midstream. In addition the transaction will result in a loss for many unitholders as QEP Midstream previously traded as high as $26.24 per unit on June 30, 2014 and an analyst has set a $20.00 per unit price target for QEP Midstream.
If you own units of QEP Midstream and wish to discuss the legal ramifications of the investigation, 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 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/914-qepm-qep-midstream-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 class 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 have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Brodsky & Smith, LLC
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article