SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Pioneer Southwest Energy Partners L.P. in Connection with a Merger Proposal from Pioneer Natural Resources Company
NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors of Pioneer Southwest Energy Partners L.P. ("Pioneer Southwest" or the "Company") (NYS: PSE) for possible breaches of fiduciary duty and other violations of state law in connection with the proposed sale of the Company to Pioneer Natural Resources Company (NYS: PXD) .
Click here to learn how to join the action: http://zlk.9nl.com/pioneer-southwest-energy-partners-pse/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the proposed transaction, Pioneer Southwest shareholders would receive 0.2234 shares of Pioneer Natural Resources Company stock for each share of Pioneer Southwest stock they own. The transaction would have a total approximate value of $1.1 billion. The investigation concerns, among other things, whether the proposed consideration to be paid to Pioneer Southwest shareholders is unfair, inadequate, and substantially below the fair or inherent value of Pioneer Southwest, and whether Pioneer Natural Resources Company is taking advantage of its position as majority shareholder in order to purchase the Company at an unfair price.
If you own common stock in Pioneer Southwest and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/pioneer-southwest-energy-partners-pse/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
KEYWORDS: United States North America New York
INDUSTRY KEYWORDS:
The article SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Pioneer Southwest Energy Partners L.P. in Connection with a Merger Proposal from Pioneer Natural Resources Company originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
