NEW YORK, Oct. 9, 2017 /PRNewswire/ -- Bernstein
Liebhard LLP is investigating whether the Board of Directors of Arc
Logistics Partners LP ("Arc" or the "Company") (NYSE: ARCX) is
breaching its fiduciary duties to its unitholders by agreeing to
sell the Company to Zenith Energy U.S., L.P. Under the terms
of the acquisition agreement, Arc's unitholders will receive
$16.50 in cash for each Arc unit they
own (the "Acquisition").
The investigation is focused on the potential unfairness of the
consideration offered to Arc unitholders and the process by which
the Arc Board of Directors considered and approved the
Acquisition.
If you currently own Arc units and are interested in discussing
your rights, please contact Joseph R.
Seidman, Jr. at (877) 779-1414
or seidman@bernlieb.com.
Bernstein Liebhard LLP has pursued hundreds of
securities, consumer, and shareholder rights cases and
recovered over $3.5 billion for its
clients. The Firm has been named to The National Law
Journal's "Plaintiffs' Hot List" thirteen times.
ATTORNEY ADVERTISING. © 2017 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for this
advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
Contact Information
Joseph R. Seidman, Jr.
Bernstein Liebhard LLP
http://www.bernlieb.com
(212) 779-1414
seidman@bernlieb.com
View original
content:http://www.prnewswire.com/news-releases/bernstein-liebhard-llp-announces-investigation-into-the-proposed-sale-of-arc-logistics-partners-lp-300533426.html
SOURCE Bernstein Liebhard LLP