QEP MIDSTREAM PARTNERS, LP INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of QEP Midstream Partners, LP (QE...
30 Avril 2015 - 10:29PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of QEP Midstream Partners, LP
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of QEP Midstream Partners, LP
(“QEP” or the “Company”) (NYSE:QEPM) for potential breaches of
fiduciary duties in connection with the sale of the Company to
Tesoro Logistics LP (“Tesoro”) (NYSE:TLLP) for approximately $17.06
per share in an all-stock transaction, based on Tesoro’s April 14,
2015 closing price. The Company’s stockholders will receive 0.3088
shares of Tesoro for each share of QEP common stock they own.
However, in the past year, QEP has traded as high as $27.16 per
share.
Click here for more information:
www.faruqilaw.com/QEPM. There is no cost or obligation to
you.
The investigation focuses on whether QEP’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by
failing to conduct a fair sales process and whether and by how much
this proposed transaction undervalues the Company to the detriment
of QEP’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients. To keep track of the latest
securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
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If you own common stock in QEP and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/QEPM or contact Juan E. Monteverde,
Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone
at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2015 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: 877-247-4292Phone:
212-983-9330
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