San Diego, CA -- (SBWIRE) -- 07/15/2015 -- An investor who currently holds shares of Niska Gas Storage Partners LLC (NYSE:NKA), filed a lawsuit in effort to halt the proposed takeover of Niska Gas Storage Partners LLC byrookfield Infrastructure and its institutional partners.

Investors who purchased shares of Niska Gas Storage Partners LLC (NYSE:NKA) and currently hold any of those NYSE:NKA shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:NKA stockholders by agreeing to sell Niska Gas Storage Partners LLC. too cheaply via an unfair process to Brookfield Infrastructure and its institutional partners

On June 14, 2015, Niska Gas Storage Partners LLC (NYSE:NKA) announced that it and its managing member, Niska Gas Storage Management LLC, have entered into an agreement to be acquired by Brookfield Infrastructure and its institutional partners. Under the terms of the acquisition agreement, Brookfield Infrastructure and its institutional partners will acquire all of Niska Gas Storage Partners LLC's outstanding common units for $4.225 per common unit in cash and will acquire the managing member and the incentive distribution rights in Niska Gas Storage Partners LLC.

However, the plaintiff claims that the proposed consideration NYSE:NKA shareholders will receive is grossly inadequate and undervalues Niska Gas Storage Partners LLC. Indeed, NYSE:NKA shares traded in May 2014 as high as $16.32 per share. In addition, the plaintiff claims that the process is also unfair to NYSE:NKA stockholders.

Those who are current investors in Niska Gas Storage Partners LLC (NYSE:NKA) shares 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