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JP Energy Partners LP (JPEP)

NYSE:JPEP

Summary

Faruqi & Faruqi, LLP Announces the Investigation of JP Energy Partners LP (JPEP) Over the Proposed Sale of the Company to American Midstream Partners, LP

Nadeem Faruqi, founding partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of JP Energy Partners LP (“JP Energy” or the “Company”) (NYSE:JPEP) for potential breaches of fiduciary duties in connection with the sale of the Company to American Midstream Partners, LP (“American Midstream”) for approximately $312.45 million in an all-stock transaction. 

The Company’s stockholders will only receive 0.5775 of American Midstream stock for each share of Company common stock they own, or approximately $8.40 per share based on American Midstream’s closing price on October 26, 2016. However, this consideration is below at least one analyst’s price target of $10.75 per share and JP Energy’s 52-week high of $10.08 per share.

If you own common stock in JP Energy and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Nadeem Faruqi, Esq. either via e-mail at nfaruqi@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.  You may also contact Juan E. Monteverde, Esq.  either via email at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

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  • Company:
    JP Energy Partners LP (JPEP)
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Contact Counsel

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

Email:

Case Details

Date:

  • 10/27/2016

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