SHAREHOLDER ALERT: WeissLaw LLP Investigates BP Midstream Partners LP

NEW YORK, Dec. 21, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of BP Midstream Partners LP ("BPMP" or the "Partnership") (NYSE: BPMP) in connection with the proposed acquisition of the Partnership by BP p.l.c. and its affiliates ("BP"). Under the terms of the merger agreement, a BP U.S. affiliate will acquire all outstanding common units of BPMP not already owned directly or indirectly by BP (the "Public Common Units"), representing 47,837,828 common units. Each unitholder of the Public Common Units would receive 0.575 of an American Depositary Share of BP in exchange for each Public Common Unit owned.

If you own BPMP shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:

https://www.weisslaw.co/news-and-cases/bpmp 

Or please contact:

Joshua Rubin, Esq.
WeissLaw LLP
305 Broadway, 7^th Floor
New York, NY  10007
(212) 682-3025

(888) 593-4771
[email protected]

WeissLaw LLP is investigating whether (i) BPMP's board acted in the best interest of BPMP's unitholders in agreeing to the proposed transaction, (ii) the merger consideration is fair to the Partnership's unitholders, and (iii) all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to BPMP's unitholders.  

WeissLaw LLP has litigated hundreds of unitholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected].

SOURCE WeissLaw LLP