PBF Logistics LP
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PBFX STOCK ALERT: HALPER SADEH LLP IS INVESTIGATING WHETHER THE SALE OF PBF LOGISTICS LP IS FAIR TO SHAREHOLDERS
July 28, 2022.
New York, New York—Halper Sadeh LLP, an investor rights law firm, is investigating whether the sale of PBF Logistics LP (NYSE: PBFX) to PBF Energy Inc. for 0.270 shares of PBF Energy Class A common stock and $9.25 in cash, without interest, is fair to PBF Logistics shareholders.
The investigation concerns whether PBF Logistics and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for PBF Logistics shareholders; (2) determine whether PBF Energy is underpaying for PBF Logistics; and (3) disclose all material information necessary for PBF Logistics shareholders to adequately assess and value the merger consideration. On behalf of PBF Logistics shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
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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