Faruqi & Faruqi, LLP Announces the Investigation of Eagle Rock Energy Partners, L.P. (EROC) Over the Proposed Sale of the Company to Vanguard Natural Resources (VNR)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Eagle Rock Energy Partners, L.P. (“Eagle Rock” or the “Company”) (NasdaqGS: EROC) for potential breaches of fiduciary duties in connection with the sale of the Company to Vanguard Natural Resources for approximately $474 million. The Company’s stockholders will only receive 0.185 units of Vanguard for each unit of Eagle Rock they own, the value of which is equivalent to $3.05 per Eagle Rock share. However, Eagle Rock has traded as high $5.25 over the past calendar year.
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