MILWAUKEE


,


April 22, 2022


/PRNewswire/ — Ademi LLP is investigating Blueknight (Nasdaq: BKEP) (Nasdaq: BKEPP) for possible breaches of fiduciary duty and other violations of law in its transaction with Ergon.

Click here to learn how to join the action:

https://www.ademilaw.com/case/blueknight-energy-partners-lp

or call

Guri Ademi

toll-free at 866-264-3995.  There is no cost or obligation to you.

Ademi LLP alleges Blueknight’s financial outlook and prospects are excellent and yet Blueknight holders will receive only

$4.65

per common unit owned and

$8.75

per preferred unit owned. The transaction agreement unreasonably limits competing bids for Blueknight by prohibiting solicitation of further bids, and imposing a significant penalty if Blueknight accepts a superior bid. Blueknight insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Blueknight’s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Blueknight.

If you own Blueknight common stock and wish to obtain additional information, please contact

Guri Ademi

either at

[email protected]

or toll-free: 866-264-3995, or

https://www.ademilaw.com/case/blueknight-energy-partners-lp

.

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi LLP


Guri Ademi


Toll Free: (866) 264-3995

Fax: (414) 482-8001

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https://www.prnewswire.com/news-releases/shareholder-alert-ademi-llp-investigates-whether-blueknight-energy-partners-lp-has-obtained-a-fair-price-in-its-transaction-with-ergon-301530933.html

SOURCE Ademi LLP