WILMINGTON, Del., Sept. 28, 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 September 28, 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" 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
Energy Transfer Equity, L.P. ("ETE") (NYSE: ETE).
Click here to learn more:
http://rigrodskylong.com/investigations/williams-partners-l-p-wpz-buyout.
Under the terms of the agreement, Energy Transfer Corp LP
("ETC"), an affiliate of ETE, will acquire Williams at an implied
current price of $43.50 per Williams
share. Williams' stockholders will have the right to elect to
receive as merger consideration either ETC common shares, which
would be publicly traded on the NYSE under the symbol "ETC", and /
or cash.
The investigation concerns whether Williams' board of directors
failed to adequately shop the Company and obtain the best possible
value for Williams' shareholders before entering into an agreement
with ETE. According to Yahoo! Finance, at least one analyst
has issued a price target for Williams stock at $65.00 per share.
If you own the common stock of Williams Partners and purchased
your shares before September 28,
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-buyout.
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-300149963.html
SOURCE Rigrodsky & Long, P.A.