NEW YORK, April 12, 2019 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty
and other violations of law by the Board of Directors of AmeriGas
Partners Inc. ("APU" or the "Company") (NYSE: APU) in connection
with the proposed acquisition of the Company by UGI Corporation
("UGI) (NYSE: UGI). Under the terms of the agreement,
shareholders of APU will be entitled to receive 0.50 shares of UGI
and $7.63 in cash for each share of
APU they own. This represents consideration of $33.29 per APU share, based on UGI's April 2 trading price.
If you own APU shares and wish to discuss this
investigation or have any questions concerning this notice or your
rights or interests, please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Visit our website
http://www.weisslawllp.com/amerigas-partners-inc/
Or follow us on Twitter @MarketsAlert
WeissLaw is investigating whether APU's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, APU shares traded for $37.34, or $4.05
above the per share consideration, as recently as December.
Additionally, the Company announced positive financial results in
the first quarter. It reported adjusted EBITDA of
$210.7 million, representing growth
of $16.6 million year-over-year when
compared to the $194.1 million
reported in the same period of the previous year.
Given these facts, WeissLaw is concentrating its investigation
on whether APU's Board conducted a fair process in agreeing to the
proposed acquisition, whether the proposed acquisition undervalues
the Company, and whether all material information related to the
proposed acquisition is fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com.
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SOURCE WeissLaw LLP