QR ENERGY SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of QR Energy, LP (QRE) Board of Directors in Connection With the Proposed Sale of the Company to Breitburn Energy Partners (BBEP)
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of QR Energy, LP (“QR Energy” or the “Company”) (NYSE: QRE) for potential breaches of fiduciary duties in connection with the sale of the Company to Breitburn Energy Partners (“Breitburn”) (NasdaqGS: BBEP) for approximately $1.6 billion. The Company’s stockholders will only receive 0.9856 shares of Breitburn common stock, or $22.48 based on Breitburn’s closing price on Wednesday, for each share of QR Energy common stock they own.
The investigation focuses on whether QR Energy’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of QR Energy’s shareholders.
If you own common stock in QR Energy and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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