BALA CYNWYD, Pa., April 7, 2015 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of QEP Midstream
Partners, LP ("QEP Midstream" or "the Company") (NYSE -QEPM-News)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to Tesoro
Logistics LP ("Tesoro").
Click here to learn more about the investigation
http://brodsky-smith.com/914-qepm-qep-midstream-partners-lp.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, QEP Midstream unitholders
will receive only 0.3088 of a unit of Tesoro for each common unit
of QEP Midstream they own. The transaction values QEP Midstream
units at only approximately $17.09
per unit. The investigation concerns whether the Board of QEP
Midstream breached their fiduciary duties to unitholders by failing
to adequately shop the Company before agreeing to enter into this
transaction, and whether Tesoro is underpaying for QEP Midstream.
The transaction may both undervalue QEP Midstream and Tesoro
currently owns approximately a 55.8% limited partner interest in
QEP Midstream. In addition the transaction will result in a
loss for many unitholders as QEP Midstream previously traded as
high as $26.24 per unit on
June 30, 2014 and an analyst has set
a $20.00 per unit price target for
QEP Midstream.
If you own units of QEP Midstream and wish to discuss the legal
ramifications of the investigation, or have any questions, you
may e-mail or call the law office of Brodsky & Smith, LLC who
will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L.
Brodsky, Esquire or Evan J. Smith,
Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004,
by visiting
http://brodsky-smith.com/914-qepm-qep-midstream-partners-lp.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC