SHAREHOLDER ALERT: Brower Piven Announces the Investigation of PetroLogistics LP in Connection with the Proposed Sale of the Company to Flint Hills Resources, LLC

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 to current shareholders of PetroLogistics LP (“PetroLogistics” or the “Company”) PDH and other violations of state law by the board of directors of PetroLogistics relating to the proposed buyout of the Company by Flint Hills Resources, LLC (“Flint Hills”).

Under the terms of the transaction, PetroLogistics shareholders will receive $14.00 for each share of PetroLogistics stock they own, except for those shares owned by the Company's CEO and other insiders, which will be exchanged for $12.00 per share. According to Yahoo! Finance, at least one analyst following PetroLogistics has set a target price of $17.00 per share.

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 this transaction, and whether Flint Hills is underpaying for PetroLogistics shares.

If you currently own common stock of PetroLogistics 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 hoffman@browerpiven.com or by telephone at (410) 415-6616. Those who inquire by email are encouraged to include their mailing address and telephone number.

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.