NEW YORK--(BUSINESS WIRE)--Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of LRR Energy L.P. (“LRE” or the “Company”) (NYSE:LRE) for potential breaches of fiduciary duties in connection with the sale of the Company to Vanguard Natural Resources, LLC (“Vanguard”) (NASDAQ:VNR) for approximately $539 million, including the assumption of LRE’s debt. The Company’s stockholders will receive 0.55 shares of Vanguard for each share of LRE common stock they own in an all-stock transaction. Based on Vanguard’s April 20, 2015 closing price, the consideration which will be received by LRE’s shareholders is valued at approximately $8.93 per share, which represents a 13% premium to LRE’s April 20 closing price.Click here for more information: www.faruqilaw.com/LRE. There is no cost or obligation to you.The investigation focuses on whether LRE’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of LRE’s shareholders.Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.If you own common stock in LRE and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/LRE or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.Attorney Advertising. (C) 2015 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.ContactsFaruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew York, NY 10017Attn: Juan E. Monteverde, Esq.email@example.comToll Free: (877) 247-4292Phone: (212) 983-9330
Wednesday, April 22, 2015
LRR ENERGY L.P. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of LRR Energy L.P. Over the Proposed Sale of the Company to Vanguard Natural Resources, LLC
This article was originally posted on BusinessWire April 22, 2015.