Faruqi & Faruqi, LLP Announces Investigation of Encore Energy Partners LP

NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Encore Energy Partners LP (“Encore” or the “Company”) (NYSE: ENP), an oil and natural-gas producer, for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Vanguard Natural Resources, LLC (“Vanguard”) (NYSE: VNR) in an all-stock deal valued at approximately $998 million. Under the terms of the proposed transaction, Encore shareholders will receive 0.75 common units of Vanguard for each unit held. Based on Monday’s close, the agreement values Encore at $22.84 per unit, while, according to Yahoo! Finance, at least one financial analyst has set a price target of $26 for Encore.