Crestwood Midstream Partners LP (NYSE:CMLP) Shareholder Notice: Lawsuit in Effort to Halt the Takeover
An investor in NYSE:CMLP units filed a lawsuit in effort to halt the proposed takeover of Crestwood Midstream Partners LP by Crestwood Equity Partners LP for a value of approximately $18.76 per unit. The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:CMLP stockholders by agreeing to sell Crestwood Midstream Partners too cheaply via an unfair process to Crestwood Equity Partners LP.
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