NEW YORK, Sept. 17, 2019 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty and
other violations of law by the Board of the SemGroup Corporation
("SemGroup" or the "Company") (NYSE: SEMG) in connection with the
proposed merger of the Company with Energy Transfer LP ("Energy
Transfer") (NYSE: ET). Under the terms of the merger
agreement, SemGroup shareholders will receive $6.80 and 0.7275 ET shares for each SEMG share
they hold.
If you own SEMG shares and wish to discuss
this investigation or have any questions concerning this notice or
your rights or interests, visit our website:
http://www.weisslawllp.com/semgroup-corporation/
Or please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Or follow us on Twitter @MarketsAlert
WeissLaw is investigating whether SemGroup's Board acted to
maximize shareholder value prior to entering into the merger
agreement. Notably, the deal will significantly strengthen
Energy Transfer's crude oil station and transport capabilities
through SemGroups' world class Houston Fuel Oil Terminal.
SemGroup's recently announced increased year-over-year Adjusted
EBITDA in second quarter 2019 "highlights the value of strategic
projects such as the Houston
terminal expansion...which will provide long-term, stable cash
flows," according to the Company's President and CEO, Carlin Conner. Additionally, the merger
also will greatly expand Energy Transfer's crude oil infrastructure
and gathering capabilities.
SemGroup and Energy Transfer will not conduct a conference call
in connection with the merger. Given these facts, WeissLaw is
concentrating its investigation on whether the merger enhances
shareholder value. WeissLaw is concerned whether the proposed
merger undervalues the Company, and whether all material
information related to the proposed merger is fully and fairly
disclosed.
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
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SOURCE WeissLaw LLP