Shareholder alert: brower piven commences an investigation into the proposed sale of regency energy partners l.p. and encourages investors to contact the firm for additional information

Stevenson, md.--(business wire)--the securities litigation law firm of brower piven, a professional corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the board of directors of regency energy partners l.p. (“regency energy” or the “company”) (nyse: rgp) relating to the proposed buyout of the company by energy transfer partners (“etp”). under the terms of the transaction, regency energy shareholders are anticipated to receive 0.4066 shares of etp and $0.32 in cash for each share of regency energy common stock held, valuing the deal at approximately $26.89 per regency share. the total transaction value is approximately $18 billion, including the assumption of net debt and other liabilities of $6.8 billion. the firm’s investigation seeks to determine, among other things, whether the company’s board of directors failed to satisfy their duties to shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for the company’s shares of common stock. in particular, regency energy shares traded at $32.98 on august 29, 2014 and, according to yahoo! finance, at least one wall street analyst has issued a price target for regency energy stock at $34.00 per share. if you currently own common stock of regency energy and would like to learn more about the investigation being conducted by brower piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. you may also request more information by contacting brower piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616. attorneys at brower piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.
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