Rigrodsky & Long, P.A. Investigates Enterprise GP Holdings L.P. Buyout

  • Do you own limited partner units of Enterprise GP Holdings L.P.?
  • Did you purchase your limited partner units before September 7, 2010?
  • Do you feel the Company's buyout is unfair?
  • Do you want to discuss your rights?

If the answer to these questions is "yes," please contact the deal lawyers at Rigrodsky & Long, P.A. ("R & L") today to schedule a FREE consultation. Just call us, or fill out our contact form so that we can call at your convenience. Your consultation will not create any obligation to use our services at any time.

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R & L is national law firm with decades of combined legal experience. R & L is investigating potential claims against Enterprise GP Holdings L.P. concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by Enterprise Products Partners L.P..

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Rigrodsky & Long, P.A. Investigates Enterprise GP Holdings L.P. Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential claims against Enterprise GP Holdings L.P. (“EPE” or the “Company”) (NYSE: EPE) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by Enterprise Products Partners L.P. (“EPD”).

Under the proposed agreement, EPE unitholders will receive 1.5 EPD common units in exchange for each EPE limited partner unit they own.  The transaction will result in EPE becoming a wholly owned subsidiary of EPD and the cancellation of the 2% economic general partner interest, the general partner incentive distribution rights in EPD and approximately 21.6 million EPD common units currently owned by EPE.  Affiliates of privately-held Enterprise Products Company (“EPCO”) will continue to own the general partner of the combined entity.

The investigation concerns whether EPE failed to adequately shop the Company and obtain the best price possible for EPE’s unitholders before entering into the agreement with EPD.  Following the closing of the merger, EPD expects affiliates of EPCO and management will own approximately 39% of EPD’s outstanding common units.

If you own the limited partner units of EPE and purchased your units before September 7, 2010, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

R & L, with offices in Delaware and New York, litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

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