PBFX Stock Alert: Halper Sadeh LLP Is Investigating Whether the Sale of PBF Logistics LP Is Fair to Shareholders

Halper Sadeh LLP, an investor rights law firm, is investigating whether the sale of PBF Logistics LP (NYSE: PBFX) to PBF Energy Inc. for 0.270 shares of PBF Energy Class A common stock and $9.25 in cash, without interest, is fair to PBF Logistics shareholders.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Thursday, July 28, 2022
Information
Tags: 
Class Action Lawsuit, Professional Services, Legal, Fraud, Sale, PBF, NYSE, PBF Energy, Logistics, Advertising, Security (finance)
Geotags: 
UNITED STATES, NORTH AMERICA, NEW YORK
Stock Symbol: 
NYSE:PBFX
Summary
Key Points: 
  • Halper Sadeh LLP, an investor rights law firm, is investigating whether the sale of PBF Logistics LP (NYSE: PBFX) to PBF Energy Inc. for 0.270 shares of PBF Energy Class A common stock and $9.25 in cash, without interest, is fair to PBF Logistics shareholders.
  • The investigation concerns whether PBF Logistics and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for PBF Logistics shareholders; (2) determine whether PBF Energy is underpaying for PBF Logistics; and (3) disclose all material information necessary for PBF Logistics shareholders to adequately assess and value the merger consideration.
  • On behalf of PBF Logistics shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
  • Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.


Halper Sadeh LLP, an investor rights law firm, is investigating whether the sale of PBF Logistics LP (NYSE: PBFX) to PBF Energy Inc. for 0.270 shares of PBF Energy Class A common stock and $9.25 in cash, without interest, is fair to PBF Logistics shareholders.

Halper Sadeh encourages PBF Logistics shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].

The investigation concerns whether PBF Logistics and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for PBF Logistics shareholders; (2) determine whether PBF Energy is underpaying for PBF Logistics; and (3) disclose all material information necessary for PBF Logistics shareholders to adequately assess and value the merger consideration. On behalf of PBF Logistics shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Halper Sadeh encourages PBF Logistics shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].

Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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