|[July 24, 2014]
SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of QR Energy, LP In Connection With The Proposed Sale Of The Company To Breitburn Energy LP
STEVENSON, Md. --(Business Wire)--
The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of QR Energy, LP ("QR Energy" or the "Company") (NYSE: QRE)
relating to the proposed buyout of the Company by Breitburn Energy LP
On July 24, 2014, QR Energy and Breitburn announced the signing of a
definitive merger agreement pursuant to which Breitburn will acquire QR
Energy. Under the terms of the transaction, QR Energy shareholders are
anticipated to receive 0.9856 shares of Breitburn common stock, or
$22.48 based on Breitburn's closing price on Wednesday, for ech share
of QR Energy common stock they own.
The firm's investigation seeks to determine, among other things, whether
the Company's Board of Directors breached their fiduciary duties by
failing to maximize shareholder value before agreeing to enter into the
transaction, and whether Breitburn is underpaying for QR Energy shares.
If you currently own common stock of QR Energy and would like to learn
more about the investigation being conducted by Brower Piven, without
cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at firstname.lastname@example.org
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s.
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