Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of Pioneer Southwest Energy Partners L.P. (PSE) Over the Propo...
August 14 2013 - 6:00PM
Business Wire
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of Pioneer Southwest Energy
Partners L.P. (“Pioneer Southwest” or the “Company”) (NYSE: PSE)
for potential breaches of fiduciary duties in connection with their
conduct related to the sale of the Company to Pioneer Natural
Resources Company (NYSE: PXD) in a stock for stock deal valued at
approximately $1.1 billion. Under the terms of the proposed
transaction, Pioneer Southwest’s stockholders will receive 0.2325
shares of Pioneer Natural Resources Company stock for each share of
Pioneer Southwest stock they own, which is worth about $39.52 based
on August 14, 2013 closing prices.
Request more information now by clicking here:
www.faruqilaw.com/PSE. There is no cost or
obligation to you.
The investigation focuses on whether Pioneer Southwest’s Board
of Directors breached their fiduciary duties to the Company’s
stockholders by failing to conduct an adequate and fair sales
process prior to agreeing to this proposed transaction, whether and
by how much this proposed transaction undervalues the Company to
the detriment of Pioneer Southwest’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Pioneer Southwest and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/PSE or contact Juan E.
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or
by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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