Teekay LNG Partners L.P.
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TEEKAY LNG MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF TEEKAY LNG PARTNERS L.P. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – TGP
October 4, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Teekay LNG Partners L.P. (NYSE: TGP) to Stonepeak for $17.00 in cash per common unit or common unit equivalent is fair to Teekay LNG shareholders.
The investigation concerns whether Teekay LNG 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 Teekay LNG shareholders; (2) determine whether Stonepeak is underpaying for Teekay LNG; and (3) disclose all material information necessary for Teekay LNG shareholders to adequately assess and value the merger consideration. On behalf of Teekay LNG 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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