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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Dominion Energy Midstream Partners, LP (“Dominion Energy Midstream” or the “Company”) (NYSE: DM) to Dominion Energy, Inc. (NYSE: D). Under the terms of the transaction, Dominion Energy Midstream shareholders will receive 0.2492 Dominion Energy shares for each share of Dominion Energy Midstream stock they own.
The Dominion Energy Midstream merger investigation concerns whether the Board of Dominion Energy Midstream breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Dominion Energy is underpaying for Dominion Energy Midstream shares, thus unlawfully harming Dominion Energy Midstream shareholders.
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