Levi & Korsinsky is investigating the Board of Directors of Encore Energy Partners (“Encore Energy” or the “Company”) (NYSE: ENP) for possible breaches of fiduciary duty in connection with a merger proposal from Vanguard Natural Resources LLC.
New York, NY, March 28, 2011 — Levi & Korsinsky is investigating the Board of Directors of Encore Energy Partners (“Encore Energy” or the “Company”) (NYSE: ENP) for possible breaches of fiduciary duty and other violations of state law in connection with a merger proposal from Vanguard Natural Resources LLC (“VNR”) (NYSE: VNR). Under the terms of the proposal, VNR would acquire all outstanding, publicly-held Encore Energy common units in a unit-for-unit exchange, offering 0.72 VNR common units for each Encore Energy common unit which represents a value of $23.20 per unit for a transaction value of about $567 million. Currently VNR owns 100 percent of the general partner of Encore Energy, as well as approximately 46% of the outstanding common units of Encore Energy.
Click here to learn how to join the action: http://www.zlk.com/encore-energy-partners-enp.html, or call: 877-363-5972.
The investigation concerns whether the Encore Energy Board of Directors is adequately shopping the Company in order to obtain the best possible deal for Encore Energy shareholders. In particular, Encore Energy units traded at $23.60 as recently as March 22, 2011.
If you own common stock in Encore Energy and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/encore-energy-partners-enp.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. 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 litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact: Levi & Korsinsky, LLP, Joseph Levi, Esq., Eduard Korsinsky, Esq., 30 Broad Street – 15th Floor, New York, NY 10004, Tel: (212) 363-7500, Toll Free: (877) 363-5972, Fax: (212) 363-7171, www.zlk.com
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Contact:
Joanna Chlebus
Levi & Korsinsky, LLP
30 Broad St.
15th Floor
New York, NY 10004
212-363-7500
[email protected]
