Kendall Law Group Investigates Pioneer Southwest Energy Partners L.P.
DALLAS--(BUSINESS WIRE)-- Kendall Law Group, led by former federal judge Joe Kendall, is investigating Pioneer Southwest Energy Partners L.P. (NYSE: PSE ) for shareholders in connection with the proposed acquisition by Pioneer Natural Resources. The national securities firm’s investigation seeks to determine whether Pioneer Southwest and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Pioneer Southwest shareholder and would like additional information about your rights, contact Jamie McKey at the Kendall Law Group at 877-744-3728 or by email at firstname.lastname@example.org.
On May 8, 2013, the companies announced the definitive merger agreement under which Pioneer Southwest would be acquired by Pioneer Natural Resources, in a transaction valued at approximately $1.1 billion. Under the terms of the agreement, Pioneer Southwest stockholders will receive 0.2234 shares of Pioneer Natural Resources for each share of PSE common stock held. The firm’s investigation seeks to determine whether Pioneer Southwest and its Board undertook a fair process in negotiating the deal.
Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
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