WILMINGTON, Del., April 23, 2015 /PRNewswire/ -- Rigrodsky
& Long, P.A.:
- Do you own shares of LRR Energy, L.P. (NYSE:
LRE)?
- Did you purchase any of your units prior to April 20, 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 LRR
Energy, L.P. ("LRE" or the "Company") (NYSE: LRE) regarding
possible breaches of fiduciary duties and other violations of law
related to the Company's entry into an agreement to be acquired by
Vanguard Natural Resources, LLC ("Vanguard") (NASDAQ GS: VNR).
Click here to learn more:
http://www.rigrodskylong.com/investigations/lrr-energy-l-p-lre.
Under the terms of the agreement, shareholders of LRE will
receive 0.55 of a unit of Vanguard for each unit of LRE
owned. Based of Vanguard's closing price on April 20, 2015, LRE unitholders would have
received compensation valued at approximately $8.93 per unit.
The investigation concerns whether LRE's board of directors
failed to adequately shop the Company and obtain the best possible
value for LRE's unitholders before entering into an agreement with
Vanguard. According to Yahoo! Finance, at least one analyst
has issued a price target for LRE stock at $16.00 per unit.
If you own the common stock of LRE and purchased your shares
before April 20, 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://www.rigrodskylong.com/investigations/lrr-energy-l-p-lre.
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/lrr-energy-lp-shareholder-alert-rigrodsky--long-pa-announces-investigation-of-buyout-300071505.html
SOURCE Rigrodsky & Long, P.A.