URGENT: The M&A Firm is Investigating the Sale of Phillips 66 Partners LP – PSXP
NEW YORK (STL.News) Juan Monteverde, founder and managing partner of the firm Monteverde & Associates PC (“M&A Firm”), a national securities firm rated Top 50 in the 2018-2020 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Phillips 66 Partners LP (“PSXP” or the “Company”) (PSXP) relating to the sale of the Company to Phillips 66 (“Phillips” or “PSX”). Under the terms of the agreement, PSXP stockholders will receive 0.50 shares of Phillips for each share of the Company common stock they own.
The investigation focuses on whether PSXP and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) failing to conduct a fair process, and 2) whether the transaction is properly valued.
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