Enterprise Faces 2nd Shareholder Suit Over $9B Deal

Law360, New York (September 23, 2010, 7:31 PM EDT) -- Enterprise GP Holdings LP is facing a second putative class action that seeks to stop its proposed $9 billion merger with Enterprise Products Partners LLP, a deal that allegedly gives short shrift to minority shareholders and values the company at far less than it's really worth.

The suit, filed Thursday in the Court of Chancery of the State of Delaware by plaintiff Richard Fouke on behalf of owners of Enterprise GP's common stock, also questions whether shareholders have been receiving all the necessary information to determine...
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