NEW YORK, May 15, 2019 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty
and other violations of law by the Board of Directors of Buckeye
Partners, L.P. ("Buckeye Partners" or the "Company") (NYSE: BPL) in
connection with the proposed acquisition of the Company by asset
manager IFM Investors ("IFM"). Under the terms of the
acquisition agreement, unitholders would receive a mere
$41.50 for each BPL common unit they
own.
If you own BPL shares and wish to discuss this
investigation or have any questions concerning this notice or your
rights or interests, please contact:
Joshua
Rubin
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Visit our website
http://www.weisslawllp.com/
Or follow us on Twitter @MarketsAlert
WeissLaw is investigating whether Buckeye Partners' Board acted
to maximize unitholder value prior to entering into the agreement
by shopping for a superior proposal, and whether IFM's offer
impairs BPL unitholder value.
WeissLaw is investigating whether the deal aligns with the
interests of BPL unitholders. Specifically, WeissLaw is
concerned whether Buckeye Partners' Board conducted a fair process
for agreeing to the proposed acquisition, whether the proposed
acquisition undervalues the Company, and whether all material
information related to the proposed acquisition is fully and fairly
disclosed. Specifically, WeissLaw is concerned that the
proposed sale undervalues the Company.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com.
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SOURCE WeissLaw LLP