The Newsroom

Investigations  /  02.24.2011

Duncan Energy Partners LP

Robbins Umeda LLP Is Investigating Proposed Buyout Offer of Duncan Energy Partners L.P. for Unitholders

Robbins Umeda LLP, a shareholder rights litigation firm, is investigating possible breaches of fiduciary duty and other violations of state law by members of the board of directors of Duncan Energy Partners L.P. (NYSE: DEP) in connection with their efforts to sell Duncan Energy to Enterprise Products Partners L.P. (NYSE: EPD) in a unit-for-unit exchange. Under the terms of the proposed offer, Duncan Energy unitholders will receive 0.9545 of an Enterprise unit for each Duncan Energy common unit held. The implied value of the consideration is approximately $42.00 per unit. Enterprise Products already owns DEP Holdings, the general partner of Duncan Energy, and controls 58% of Duncan Energy’s outstanding units.

The investigation seeks to determine whether Duncan Energy’s board of directors undertook a fair process to obtain maximum value for its unitholders, especially given Duncan Energy’s recent financial results. On February 17, 2011, Duncan Energy reported its financial results for the fourth quarter of 2010. Duncan Energy’s revenues and earnings topped analyst expectations. The Company reported revenues of $275.60 million compared to consensus of $266.33 million and earnings per unit of $0.43 compared to consensus of $0.42.

If you own units of Duncan Energy and would like more information about your rights as a unitholder, please contact attorney Gregory E. Del Gaizo at 800-350-6003 or by e-mail at info@robbinsarroyo.com.

Shareholder Information







Please Note: Neither the submission to nor the receipt of information by Robbins Arroyo LLP or one of its attorneys through this website constitutes an agreement by our firm to represent the individual and does not create an attorney-client relationship. Please do not send confidential or sensitive information through this website. This information should be communicated through a direct contact with an individual at the firm.
I have read the disclaimer information.



Please Note: Neither the submission to nor the receipt of information by Robbins Arroyo LLP or one of its attorneys through this website constitutes an agreement by our firm to represent the individual and does not create an attorney-client relationship. Please do not send confidential or sensitive information through this website. This information should be communicated through a direct contact with an individual at the firm.

How can we help you?

CONTACT US TODAY | 1-800-350-6003 or info@robbinsarroyo.com

Tell us your concerns