NEW YORK, June 19, 2018 /PRNewswire/ — WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Cheniere Energy Partners LP Holdings LLC (“CQP” or the “Company”) (NYSE: CQP) in connection with the proposed acquisition of the Company by majority stakeholder Cheniere Energy Inc. (“LNG”) (“NYSE: LNG). Under the terms of the agreement, CQP shareholders will receive 0.475 shares of LNG for each CQP share they own. This represents consideration of $29.94, based on LNG June 19 trading price of $63.04.
WeissLaw is investigating whether CQP’s Board acted to maximize shareholder value prior to entering into the agreement. Notably, at least one analyst set a target price of $40.00 per share, or $10.06 above the consideration.
Given these facts, WeissLaw is investigating whether CQP’s shareholders will obtain their fair and proportionate share of the Company’s continued success and growth prospects. If you own CQP shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at firstname.lastname@example.org.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com or fill out the form on our website, http://www.weisslawllp.com/energy-partners-lp-holdings-llc/
SOURCE WeissLaw LLP