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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Tallgrass Energy Partners, LP (“TEP” or the “Company”) (NYSE: TEP) to Tallgrass Energy GP, LP (“TEGP”). Under the terms of the transaction, TEP shareholders will receive two TEGP Class A shares for each TEP share they own.
The investigation concerns whether the Board of TEP breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether TEGP is underpaying for TEP shares, thus unlawfully harming TEP shareholders.
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