PVR Faces Fresh Class Action Over $5.6B Regency Merger

Law360, New York (November 26, 2013, 5:17 PM EST) -- A PVR Partners LP investor filed a class action in Pennsylvania federal court Tuesday, alleging that PVR's proposed $5.6 billion merger with competitor Regency Energy Partners LP is inadequate and unfair, and that the companies intentionally misled shareholders to get their approval for the deal.

Stephen Bushansky's complaint nearly mirrors a class action filed by an investor in October, which accused oil and gas company PVR of effectively scaring off other potential bidders with several deal-protection devices — such as a no-solicitation provision, a matching right for...
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