STEVENSON, Md., June 18, 2015 /PRNewswire/ -- The securities
litigation law firm of Brower Piven, A Professional Corporation,
has commenced an investigation into possible breaches of fiduciary
duty and other violations of state law by the Board of Directors of
Niska Gas Storage Partners LLC ("Niska" or the "Company") (NYSE:
NKA) relating to the proposed buyout of the Company by Brookfield
Infrastructure in a transaction valued at approximately
$911 million.
Under the terms of the transaction, Niska shareholders are
anticipated to receive $4.225 in cash
for each unit of Niska they own. The firm's investigation
seeks to determine, among other things, whether the Company's Board
of Directors failed to satisfy their duties to shareholders,
including whether the Board adequately pursued alternatives to the
acquisition and whether the Board obtained the best price possible
for the Company's shares of common stock.
If you currently own common stock of Niska and believe that the
proposed buyout price is too low, or you would like to learn more
about the investigation being conducted by Brower Piven, please
visit our website at
http://www.browerpiven.com/currentinvestigations.html. You
may also request more information by contacting Brower Piven either
by email at hoffman@browerpiven.com or by telephone at (410)
415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
CONTACT:
Charles J. Piven
Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
Telephone: 410-415-6616
hoffman@browerpiven.com
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SOURCE Brower Piven, A Professional Corporation