BALA CYNWYD, Pa., Oct. 24, 2013 /PR Newswire/ –Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of PAA Natural Gas
Storage, L.P. ("PNG" or the "Company") (NYSE- PNG-News) relating to
the proposed acquisition by Plains All American Pipeline, L.P.
("Plains").
Click here to learn more about the investigation
http://brodsky-smith.com/664-png-paa-natural-gas-storage-lp.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, PNG Common unitholders will
receive only 0.445 common units of Plains, plus cash in lieu of any
fractional common units of Plains otherwise issuable, for each
common unit of PNG they own. The investigation concerns possible
breaches of fiduciary duty and other violations of state law by the
Board of Directors of PNG for not acting in the Company's
unitholders' best interests in connection with the sale process.
The investigation seeks to determine if the PNG Board of Directors
failed to conduct an adequate auction process and as a result
harmed PNG unitholders by undervaluing their Company. The
transaction represents very little or no premium above the
$23.43 PNG common units traded at on
September 26, 2013.
If you own common units of PNG and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L.
Brodsky, Esquire or Evan J. Smith,
Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by
e-mail at investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/664-png-paa-natural-gas-storage-lp.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
SOURCE Brodsky & Smith, LLC