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Investor Lawsuit Against Acquisition of Regency Energy Partners LP (RGP) Announced by Shareholders Foundation

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The Shareholders Foundation, Inc.
announces that an investor, who currently holds units of Regency Energy
Partners LP (RGP), filed a lawsuit in effort to stop the proposed takeover of
Regency Energy Partners LP by Energy Transfer Partners, L.P. for a value of
$26.89 per RGP unit.

Investors, who purchased units of Regency Energy Partners LP (NYSE: RGP) prior
to January 26, 2015, and currently hold any of those NYSE:RGP units, have
certain options and should contact the Shareholders Foundation, Inc. at
mail@shareholdersfoundation.com or call +1 (858) 779 - 1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed
to NYSE:RGP stockholders by agreeing to sell Regency Energy Partners LP too
cheaply via an unfair process to Energy Transfer Partners, L.P.

On January 26, 2015, Energy Transfer Partners, L.P. and Regency Energy
Partners LP announced they have entered into a definitive merger agreement.
Under the terms of the merger agreement, the unitholders of Regency Energy
Partners LP (NYSE: RGP) will receive 0.4066 Energy Transfer Partners,
L.P.(NYSE: ETP) common units and a cash payment of $0.32 for each common unit
of Regency Energy Partners LP (NYSE: RGP), implying an all-in price for Regency
Energy Partners LP common units of $26.89 per unit based on Energy Partners
LP's closing price on January 23, 2015.

However, the plaintiff claims that given Regency Energy Partners' recent
strong performance as well as its future growth prospects, the proposed
consideration unitholders will receive is grossly inadequate and undervalues
Regency Energy Partners LP. Indeed, at least one analyst has set the high
target price for NYSE RGP units at $34.00 and NYSE RGP units traded as
recently as September 2014 as high as $33.57.

In addition, the plaintiff claims that the process is also unfair to NYSE:RGP
unitholders. The plaintiff alleges that the defendants have exacerbated their
breaches of fiduciary duty by agreeing to lock up the Merger with deal
protection devices, such as a strict no-solicitation provision, a matching
rights provision, and a $450 million termination fee provision, that preclude
other bidders from making a successful competing offer for Regency Energy
Partners LP.

Those who currently hold Regency Energy Partners LP (NYSE: RGP) units have
certain options and should contact the Shareholders Foundation, Inc. at
mail@shareholdersfoundation.com or call +1 (858) 779 - 1554.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring
and settlement claim filing service, which does research related to
shareholder issues and informs investors of securities class actions,
settlements, judgments, and other legal related news to the stock/financial
market. The Shareholders Foundation, Inc. is not a law firm. The information
is provided as a public service. It is not intended as legal advice and should
not be relied upon.

CONTACT: Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

 

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