Harwood Feffer LLP Announces Investigation of Encore Energy Partners LP
NEW YORK--(BUSINESS WIRE)--Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Encore Energy Partners LP ("Encore" or the "Company") (NYSE: ENP) concerning the Company’s receipt of a proposal to be acquired by its principal unitholder Vanguard Natural Resources LLL (“Vanguard”) in a transaction valued at approximately $1.05 billion.
On March 25, 2011, Encore announced that it had received a proposal from Vanguard to acquire each of its outstanding common units in exchange for 0.72 units of Vanguard. This proposal values the units of Encore at $23.20 per unit, which offer virtually no premium over the pre-existing trading price for Encore units. Our investigation concerns the board of directors’ process for consideration of the proposed transaction.
If you own units of Encore would like to learn more about these claims or if you wish to discuss this matter and have any questions or information concerning this announcement, please contact Matthew Houston at mhouston@hfesq.com or Craig Lowther at clowther@hfesq.com. You may also call them at (877) 935-7400. For more information about class actions, or to sign up online, please visit our website: www.hfesq.com.
Harwood Feffer LLP is a national shareholder litigation firm. Harwood Feffer LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
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