NEW YORK, July 25, 2022
NEW YORK, July 25, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Shell Midstream Partners, L.P. ("Shell" or the "Company") (NYSE: SHLX), in connection with the proposed acquisition of the Company by Shell USA, Inc. ("Shell USA"). Under the terms of the merger agreement, the Company's unit holders will receive $15.85 in cash for each Public Common Unit of Shell common stock owned. A subsidiary of Shell USA currently owns 269,457,304 Shell common units, or approximately 68.5% of Shell common units. The transaction is valued at approximately $1.96 billion.
If you own Shell shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
305 Broadway, 7th Floor
New York, NY 10007
Weiss Law is investigating whether (i) Shell's board of directors acted in the best interests of Company unit holders in agreeing to the proposed transaction, (ii) the merger consideration adequately compensates Shell's unit holders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.
Weiss Law 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 [email protected]
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SOURCE Weiss Law