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
stockinfo@weisslawllp.com.
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 stockinfo@weisslawllp.com or fill out the form
on our website,
http://www.weisslawllp.com/energy-partners-lp-holdings-llc/
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SOURCE WeissLaw LLP