An investigation for shareholders in Targa Resources Partners LP (NYSE:NGLS) in connection with the proposed takeover was announced and NYSE:NGLS unitholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 12/08/2015 --An investigation for shareholders, who currently hold units of Targa Resources Partners LP (NYSE:NGLS), was announced concerning the buyout of Targa Resources Partners LP by Targa Resources Corp for a value of approximately $36.09 per unit.

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

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

On November 03, 2015, Targa Resources Corp. (NYSE:TRGP) and Targa Resources Partners LP (NYSE:NGLS) announced that Targa Resources Corp will acquire all of the outstanding common units of Targa Resources Partners LP not already owned by Targa Resources Corp in an all stock-for-unit transaction at a ratio of 0.62 Targa Resources Corp common shares per common unit of Targa Resources Partners LP or approximately $36.09 per unit of Targa Resources Partners.

However, given that at least one analyst has set the high price target for NYSE:NGLS units at $55.00 per unit and that NYSE:NGLS units traded in early 2015 as high as $49.20, the investigation concerns whether the offer is unfair to NYSE:NGLS unitholders. More specifically, the investigation concerns whether the Targa Resources Partners Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized unitholder value by negotiating the best price, and acted in the unitholders' best interests in connection with the proposed sale.

On December 4, 2015, NYSE:NGLS units closed at $17.06 per unit.

Those who are current investors in Targa Resources Partners LP (NYSE:NGLS) 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