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Wolf Popper LLP Investigates Claims that the Proposal to Take OCI Partners LP Private Would Not Be In the Best Interests of Its Public Investors

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NEW YORK, Dec. 7, 2016 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in OCI Partners LP (NYSE: OCIP), concerning the proposed going private transaction of OCIP by OCI N.V. ("OCI").  OCI currently owns 79.88% of issued and outstanding common units of OCIP.  According to Carl Stine, who is a partner at Wolf Popper, "OCI appears to be trying to use its majority stake to buy OCIP at a bargain-basement price."  

Under the terms of the proposed transaction, OCIP's unitholders would receive 0.5200 OCI shares for each OCIP unit they own.  The proposed offer would have a preliminary equity value of approximately $679 million, or $7.80 per unit.  However, the proposed offer price would be below OCIP's 52-week high of $8.10 per unit and substantially below the median analyst price target of $11.40 per unit. 

Wolf Popper is investigating claims whether the proposed offer price would unfairly undervalue the inherent value of OCIP and OCIP unitholders would not be receiving the maximum value for their units.  OCIP unitholders seeking more information about the transaction or Wolf Popper's investigation can contact Mr. Stine at (212) 759-4600 or cstine@wolfpopper.com.  

Wolf Popper 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 2016 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.

Attorney Advertising: Prior Results Do Not Guarantee A Similar Outcome.

Wolf Popper LLP
845 Third Avenue
New York, New York 10022
Telephone: 212-759-4600
Toll Free Tel: 877-370-7703
Toll Free Fax: 877-370-7704
Email: cstine@wolfpopper.com

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/wolf-popper-llp-investigates-claims-that-the-proposal-to-take-oci-partners-lp-private-would-not-be-in-the-best-interests-of-its-public-investors-300374520.html

SOURCE Wolf Popper LLP

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