Encore Unit-Holder Seeks To Block $546M Vanguard Deal

Law360, New York (August 29, 2011, 10:05 PM EDT) -- An Encore Energy Partners LP unit-holder filed a class action Monday in Texas federal court, seeking to block Encore's $546 million deal to merge with Vanguard Natural Resources LLC and accusing the companies of making false statements to secure support for the deal.

Vanguard announced in July that it would buy the units of Encore it didn't already own. The deal would expand Vanguard's oil and natural gas properties and slash its costs, it said.

Under the deal, Encore's public unit-holders will receive 0.75 Vanguard common...
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