Crestwood Midstream Partners LP (NYSE:CMLP) Shareholder Notice: Lawsuit in Effort to Halt the Takeover
August 05, 2015 at 08:45 AM EDT
San Diego, CA -- (SBWIRE) -- 08/05/2015 -- An investor in NYSE:CMLP units filed a lawsuit in effort to halt the proposed takeover of Crestwood Midstream Partners LP by Crestwood Equity Partners LP for a value of approximately $18.76 per unit. The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:CMLP stockholders by agreeing to sell Crestwood Midstream Partners too cheaply via an unfair process to Crestwood Equity Partners LP.