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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Buckeye Partners, L.P. (NYSE: BPL) to IFM Global Infrastructure Fund for $41.50 per share in cash.
The Buckeye merger investigation concerns whether the Board of Buckeye breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether IFM Global Infrastructure Fund is underpaying for Buckeye shares, thus unlawfully harming Buckeye shareholders.
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