Rigrodsky & Long, P.A. Investigates Encore Energy Partners LP’s Buyout Offer From Vanguard Natural Resources LLC

WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A. announces that it 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 from Vanguard Natural Resources LLC (“Vanguard”) (NYSE: VNR) to acquire all of the outstanding common units of Encore it does not already own, for approximately $567 million, in a unit-for-unit exchange (the “Proposal”). Click here to learn how to join the action: http://www.rigrodskylong.com/news/EncoreEnergyPartnersLP-ENP.

The investigation concerns whether Encore’s board of directors is adequately shopping the Company and working to obtain the best price possible for Encore’s unitholders. Vanguard already owns 100% of Encore’s general partner and owns approximately 46% of Encore’s outstanding common units.

The Proposal contemplates the acquisition of all of the outstanding common units of Encore in a unit-for-unit exchange whereby Vanguard has proposed consideration of 0.72 Vanguard common units for each issued and outstanding publicly-held Encore common unit. The consideration offered by Vanguard represents a value of approximately $23.20 for each Encore common unit.

If you own Encore common units and purchased your common units before March 25, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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