OILTANKING PARTNERS, L.P. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Oiltanking Partners, L.P. Over the Proposed Sale of the Company to Enterprise Products Partners, L.P. - OILT
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 Oiltanking Partners L.P. (“Oiltanking” or the “Company”) (NYSE: OILT) for potential breaches of fiduciary duties in connection with the sale of the Company to Enterprise Products Partners L.P. (NYSE: EPD) in an all-stock transaction. The Company’s stockholders will only receive 1.3 common units of Enterprise for each unit of Oiltanking common stock they own.
The investigation focuses on whether Oiltanking’s Board of Directors breached their fiduciary duties to the Company’s unitholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Oiltanking’s unitholders.
If you own common stock in Oiltanking and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org 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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