Duncan Investors Decry $2.5B Buyout By Enterprise

Law360, New York (August 3, 2011, 3:20 PM EDT) -- Duncan Energy Partners LP investors filed a class action Wednesday in Texas to prevent the natural gas transporter from selling itself to former parent Enterprise Products Partners LP in a $2.5 billion deal they say woefully undervalues the company.

The plaintiffs, common unitholders of Duncan Energy, claim that the pipeline operator has violated its limited partnership agreement and securities laws in arranging a unit-for-unit exchange deal that gives Duncan investors short shrift.

“Furtherance of the proposed acquisition will legitimize an unfair and underhanded sales process while...
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