WILMINGTON, Del., May 13, 2015 /PRNewswire/ -- Rigrodsky &
Long, P.A.:
- Do you own shares of Williams Partners L.P. (NYSE:
WPZ)?
- Did you purchase any of your shares prior to May 13, 2015?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Williams
Partners L.P. ("Williams Partners" or the "Company") (NYSE: WPZ)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company's entry into an agreement
to be acquired by The Williams Companies, Inc. ("Williams
Companies") (NYSE: WMB), in a transaction valued at approximately
$13.8 billion.
Click here to learn more:
http://rigrodskylong.com/investigations/williams-partners-l-p-wpz.
Under the terms of the agreement, shareholders of Williams
Partners will receive 1.115 shares of Williams Companies for each
share of Williams Partners common stock owned. Based on
Williams Companies' closing price on May 12,
2015, Williams Partners shareholders would have received
compensation valued at approximately $55.86 per share.
The investigation concerns whether Williams Partners' board of
directors failed to adequately shop the Company and obtain the best
possible value for Williams Partners' shareholders before entering
into an agreement with Williams Companies. According to
Yahoo! Finance, at least one analyst has issued a price target for
Williams Partners stock at $66.00 per
share.
If you own the common stock of Williams Partners and purchased
your shares before May 13, 2015, if
you have information or would like to learn more about these
claims, or if you wish to discuss these matters or have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington,
DE 19803, by telephone at (888) 969-4242; by e-mail to
info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/williams-partners-l-p-wpz.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/williams-partners-lp-shareholder-alert-rigrodsky--long-pa-announces-investigation-of-buyout-300082933.html
SOURCE Rigrodsky & Long, P.A.