San Diego, CA -- (SBWIRE) -- 05/13/2015 -- An investigation on behalf of investors, who currently hold units of Crestwood Midstream Partners LP (NYSE:CMLP), was announced concerning whether the takeover of Crestwood Midstream Partners LP by Crestwood Equity Partners LP for a value of approximately $18.76 per unit is unfair to NYSE:CMLP stockholders.

Investors who purchased units of Crestwood Midstream Partners LP (NYSE:CMLP) and currently hold any of those NYSE:CMLP units have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Crestwood Midstream Partners breached their fiduciary duties owed to NYSE:CMLP investors in connection with the proposed acquisition.

On May 6, 2015, Crestwood Equity Partners LP (NYSE:CEQP) and Crestwood Midstream Partners LP (NYSE:CMLP) announced the signing of a definitive agreement to merge the two partnerships. Under the terms of the merger agreement, Crestwood Midstream Partners LP (NYSE:CMLP will merge with a newly formed subsidiary of Crestwood Equity Partners LP in a merger in which Crestwood Midstream Partners LP (NYSE:CMLP) unitholders will receive 2.75 units of Crestwood Equity for each unit of Crestwood Midstream they own. C Crestwood Midstream Partners LP (NYSE:CMLP) unitholders will receive a value of approximately $18.76 for each NYSE:CMLP unit they own.

However, given that at least one analyst has set the high target price for NYSE:CMLP units at $26.00 per share and that NYSE:CMLP units traded as recently as April 2014 as high as $24.07 per share, the investigation concerns whether the offer is unfair to NYSE:CMLP stockholders. More specifically, the investigation concerns whether the Crestwood Midstream 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 shareholders' best interests in connection with the proposed sale.

Crestwood Midstream Partners LP reported that its annual Total Revenue rose from $163.20 million in 2011 to over $2.56 billion in 2014. Shares of Crestwood Midstream Partners LP (NYSE:CMLP) traded during 2013 as high as $25.06 per share.

ON May 7, 2015, NYSE:CMLP units closed at $14.94 per unit.

Those who are current investors in Crestwood Midstream Partners LP (NYSE:CMLP) units have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com