NEW YORK, Jan. 27, 2017 /PRNewswire/ -- Harwood Feffer LLP
(www.hfesq.com) is investigating potential claims against the board
of directors of Midcoast Energy Partners, L.P. ("Midcoast" or the
"Company") (NYSE: MEP) concerning the proposed acquisition of
Midcoast's outstanding units by Enbridge Energy Partners, L.P.
("EEP").
Under the terms of the offer, EEP would acquire the outstanding
units of Midcoast in a transaction valued at approximately
$170 million. Pursuant to the
deal, Midcoast unitholders will receive $8.00 per unit owned.
Our investigation concerns whether the Midcoast board of
directors is fulfilling its fiduciary duties, maximizing the value
of the Company, disclosing all material benefits and costs, and
obtaining full and fair consideration for Company
unitholders.
If you own Midcoast units and wish to discuss this matter with
us, or have any questions concerning your rights and interests with
regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the
firm.
Attorney Advertising. The law firm responsible for this
advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results
do not guarantee or predict a similar outcome with respect to any
future matter.
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SOURCE Harwood Feffer LLP