SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of Williams Partners, L.P. in Connection with the Sale of the Company -WPZ
BALA CYNWYD, Pa., Oct. 29, 2014 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Williams Partners, L.P. ("Williams" or the "Company") (NYSE –WPZ-News) relating to the proposed acquisition by Access Midstream Partners, L.P. ("Access Partners").
Click here to learn more about the investigation http://brodsky-smith.com/843-wpz-williams-partners-lp.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Williams unitholders will receive only 0.86672 of a unit of Access Partners for each unit of Williams they own. The proposed transaction values Williams at only approximately $52.72 per unit. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Williams for not acting in the Company's unitholders' best interests in connection with the sale process. The transaction may undervalue the company and may result in a loss for many Williams unitholders. For example, Williams traded at $55.12 per unit on September 10, 2014 and an analyst has set a $60.00 per unit price target on Williams.
If you own shares of Williams units 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 602, Bala Cynwyd, PA 19004, by e-mail at [email protected], by visiting http://brodsky-smith.com/843-wpz-williams-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.
SOURCE Brodsky & Smith, LLC
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