REGENCY ENERGY PARTNERS INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Regency Energy Partners (RGP) Over the Proposed Sale of the Company to Energy Transfer Partners (ETP)
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 Regency Energy Partners (“Regency” or the “Company”) (NYSE: RGP) for potential breaches of fiduciary duties in connection with the sale of the Company to Energy Transfer Partners (“Energy Transfer”) (NYSE: ETP) for approximately $18 billion in a cash and stock transaction. The Company’s stockholders will receive 0.4066 shares of Energy Transfer plus 32 cents in cash for a total value of $26.89 for each share of Regency common stock they own.
The investigation focuses on whether Regency’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 Regency’s shareholders.
If you own common stock in Regency 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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Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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