Wolf Popper LLP Investigates Claims That the Proposed Acquisition of Crestwood Midstream Partners LP May Not Be In the Best Interests of Its Investors

NEW YORK, May 7, 2015 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in Crestwood Midstream Partners LP ("Crestwood") CMLP, concerning the proposed acquisition of Crestwood by Crestwood Equity Partners LP ("Crestwood Equity").  Crestwood shareholders seeking more information about this acquisition can contact Carl Stine at (212) 759-4600 or cstine@wolfpopper.com.

The investigation concerns whether Crestwood's directors are breaching their fiduciary duties by failing to adequately maximize shareholder value.  Under the terms of the proposed transaction, Crestwood's unitholders will receive 2.75 units of Crestwood Equity for each Crestwood unit they own.  The proposed transaction has a value of approximately $3.5 billion.  However, the offer price was announced just prior to the Crestwood's announcement of strong financial results, and the offer price is significantly below Crestwood's book value and 52-week high stock price.

Wolf Popper LLP has extensive experience representing investors in mergers and acquisition lawsuits and has successfully ensured that investors receive the maximum compensation.  Twelve Wolf Popper attorneys were named Rising Stars or Super Lawyers in the 2014 Super Lawyers New York City Metro Edition, including Wolf Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the New York City Metro area.  View Wolf Popper attorney biographies at www.wolfpopper.com.

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SOURCE Wolf Popper LLP