An investigation on behalf of investors, who currently hold shares of OCI Partners LP (NYSE:OCIP), was announced concerning whether the takeover of OCI Partners LP. by OCI N.V. is unfair to NYSE:OCIP unitholders.
Investors who purchased units of OCI Partners LP (NYSE:OCIP) and currently hold any of those NYSE:OCIP units have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain directors of OCI Partners LP breached their fiduciary duties owed to NYSE:OCIP investors in connection with the proposed acquisition.
On December 6, 2016, OCI Partners LP (NYSE: OCIP) announced that its board of directors has received a proposal from OCI N.V. (Euronext: OCI) pursuant to which OCI N.V. would acquire all publicly held common units of OCI Partners LP in exchange for OCI N.V. shares. OCI Partners LP unitholders would receive 0.52 OCI N.V. units for each OCI Partners common unit they own, an implied value of $7.80 per unit.
However, given that OCI N.V. currently owns 79.88% of issued and outstanding common units of OCI Partners, the investigation concerns whether the offer is unfair to NYSE:OCIP unitholders. In addition, given that at least one analyst has set the high target price for NYSE:OCIP units at $15.00, the investigation concerns whether the OCI Partners Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the unitholders’ best interests in connection with the proposed sale.
On December 20, 2016, OCI Partners LP (NYSE:OCIP) unites closed at $8.00 per share.
Those who are current investors in NYSE:OCIP units have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego