Faruqi and Faruqui, LLP Logo
Share this page

Crestwood Midsteam Partners (CMLP)

(NYSE: CMLP)

Summary

CRESTWOOD MIDSTREAM PARTNERS LP INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Crestwood Midstream Partners LP Over the Proposed Sale of the Company to Crestwood Equity Partners LP – (CMLP)

May 7, 2015 – 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  (“Crestwood Midstream” or the “Company”) (NYSE: CMLP) for potential breaches of fiduciary duties in connection with the sale of the Company to Crestwood Equity Partners (“Crestwood Equity”) (NYSE: CEQP) for approximately $3.5 billion in an all-stock transaction.  The Company’s stockholders will receive 2.75 Crestwood Equity Units for each share of Crestwood Midstream common stock they own, which values shares of Crestwood Midstream at around $18.75 per share. Interestingly, Analysts have priced shares of Crestwood Midstream as high as $26.00, $7.25 higher than what the deal values the Crestwood Midstream shares at.

The investigation focuses on whether Crestwood’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 Crestwood Midstream’s shareholders.

If you own common stock in Crestwood Midstream’s and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

 

Request Information

Please tell us about yourself by completing the form below and we will provide you with additional
information at no cost to you on how to join the Class Action.

  • Company:
    Crestwood Midsteam Partners (CMLP)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 05/07/2015

Send Information

If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.