|[August 30, 2013]
PAA Natural Gas Storage Shareholder Alert: Former United States SEC Attorney Willie Briscoe and Powers Taylor Investigate Proposed Sale
DALLAS --(Business Wire)--
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor, LLP are investigating the sale of PAA Natural Gas Storage,
L.P. ("PNG") (NYSE: PNG) to Plains All American Pipeline, L.P. ("Plains
All American") for shareholders. Under the terms of the proposed sale
valued at approximately $750 million, PNG shareholders are expected to
receive 0.435 shares of Plains All American stock for each share of PNG
owned. Based upon Plains All American's closig price the day before the
announcement, PNG shareholders will only receive consideration of
approximately $22.14 per share, well below the 52-week high of $23.10.
If you are an affected investor, and you want to learn more about the
lawsuit or join the action, please contact Willie Briscoe at The Briscoe
Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com
or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607 or via
e-mail at firstname.lastname@example.org.
There is no cost or fee to you.
The PNG sale investigation centers on whether shareholders are receiving
adequate compensation for their shares in the proposed deal, whether the
transaction properly values PNG stock, and whether PNG's board attempted
to obtain the highest share price for all shareholders prior to agreeing
to the deal.
Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience
in complex litigation and transactional matters.
Taylor, LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
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