INVESTOR ALERT PAA NATURAL GAS STORAGE, LP: The Law Offices of Vincent Wong Investigates the Sale of PAA NATURAL GAS STORAGE,...
December 16 2013 - 2:38PM
Business Wire
The Law Offices of Vincent Wong are investigating potential
claims against the Board of Directors of PAA Natural Gas Storage,
LP (NYSE:PNG) (“PAA”) regarding possible breaches of fiduciary duty
and other violations of state law in connection with the sale of
the Company to Plains All American Pipeline, LP (“PAAP”).
Click here to learn about the case:
http://docs.wongesq.com/PNG-Info-Request-Form-107. There is
no cost or obligation to you.
Under the terms of the transaction, PAA shareholders will
receive 0.445 common units of PAAP for each unit of PAA stock
surrendered, plus cash in lieu of any fractional common units of
PAAP otherwise issuable in the merger. PAAP already owns 100% of
the outstanding subordinated units of PAA and approximately 46% of
PAA’s outstanding common units. The investigation concerns whether
the PAA Board of Directors breached their fiduciary duties to
stockholders by failing to adequately shop the Company to obtain
the best possible value for PAA shareholders.
If you own common stock in PAA and wish to obtain additional
information, please contact Vincent Wong, Esq. either via email
vw@wongesq.com, by telephone at 212.425.1140, or visit
http://docs.wongesq.com/PNG-Info-Request-Form-107.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
The Law Offices of Vincent WongVincent Wong, Esq.,
212-425-1140Fax: 866-699-3880vw@wongesq.com
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