NEW YORK, April 28, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of Blueknight Energy Partners, L.P. (NASDAQ: BKEP) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by an affiliate of Ergon, Inc.
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On April 22, 2022, Blueknight announced that it had entered into an agreement to be acquired by Ergon in an all-cash deal. Pursuant to the merger agreement, Blueknight stockholders will receive $4.65 in cash for each share of Blueknight Public Common Units owned and $8.75 in cash for each share of Blueknight Public Preferred Unites owned. The deal is scheduled to close in mid-2022.
Bragar Eagel & Squire is concerned that Blueknight’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Blueknight’s stockholders.
If you own shares of Blueknight and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at
[email protected]
or telephone at (646) 860-9157, or by
filling out this contact form
. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit
www.bespc.com
. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact Information:
Bragar Eagel & Squire, P.C.
Melissa Fortunato, Esq.
Alexandra Raymond, Esq.
[email protected]
www.bespc.com
