Buckeye Partners, L.P.
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BUCKEYE MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF BUCKEYE PARTNERS, L.P. IS FAIR TO SHAREHOLDERS – BPL
May 10, 2019.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, announces it is investigating whether the sale of Buckeye Partners, L.P. (“Buckeye” or the “Company”) (NYSE: BPL) to the IFM Global Infrastructure Fund (“IFM”) for $41.50 per common unit is fair to Buckeye common unit holders.
The Buckeye merger investigation concerns whether Buckeye and its Board of Directors violated the federal securities laws and/or their fiduciary duties to common unit holders by failing to: (1) obtain the best possible price for Buckeye common unit holders; (2) determine whether IFM is underpaying for Buckeye; and (3) disclose all material information necessary for Buckeye common unit holders to adequately assess and value the merger consideration.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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