Tripp Levy PLLC Announces Investigation of Encore Energy Partners

NEW YORK--(BUSINESS WIRE)--Tripp Levy PLLC, a leading national securities law firm, announces an investigation into the proposed acquisition of Encore Energy Partners LP (NYSE: ENP) by Vanguard Natural Resources LLC (NYSE: VNR). Under the terms of the merger agreement, Encore’s public unitholders would receive 0.75 Vanguard common units in exchange for each Encore common unit they own, representing a premium of only approx. 4.4% based on Encore’s and Vanguard’s closing unit prices as of March 24, 2011.

Vanguard’s operating company, Vanguard Natural Gas, LLC, already owns Encore’s general partner and approximately 45.6% of the Encore outstanding common units and has also executed the definitive agreement between Vanguard and Encore.

The investigation concerns, among other things, whether the consideration to be paid to Encore unitholders is unfair, inadequate, and substantially below the fair or inherent value of Encore. The investigation further concerns whether the board of directors of Encore may have breached their fiduciary duties by not acting in Encore shareholders' best interests in connection with the sale process of Encore.

If you own Encore common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact

Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.