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Levi & Korsinsky is investigating the Board of Directors of PetroLogistics LP (“PetroLogistics” or “the Company”) (NYSE: PDH) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Flint Hill Resources, LLC.
Click here to learn more about the investigation: http://zlk.9nl.com/petrologistics-pdh, or call: 877-363-5972. There is no cost or obligation to you.
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. The investigation concerns whether the PetroLogistics Board of directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Flint Hill Resources, LLC is underpaying for PetroLogistics shares. In particular, at least one analyst set a price target for PetroLogistics stock at $17.00 per share.
If you own PetroLogistics common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/petrologistics-pdh.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Tel: 212-363-7500
Toll Free: 877-363-5972
Fax: 866-367-6510
www.zlk.com
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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