SHAREHOLDER ALERT: Weiss Law Investigates Blueknight Energy Partners, L.P.
NEW YORK, April 26, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Blueknight Energy Partners, L.P. ("Blueknight" or the "Company") (NASDAQ: BKEP), in connection with the proposed plan of merger pursuant to which an affiliate of Ergon, Inc. ("Ergon") would acquire all of the outstanding common and preferred units of the Company not already owned by Ergon and its affiliates (the "Common Units" and "Preferred Units"). Under the terms of the merger agreement, each holder of the Common Units will receive $4.65 in cash per Common Unit, and each holder of the Preferred Units will receive $8.75 in cash per Preferred Unit.
If you own Blueknight shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
https://www.weisslaw.co/news-and-cases/bkep
Or please contact:
Joshua Rubin, Esq.
Weiss Law
305 Broadway, 7th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Weiss Law is investigating whether (i) Blueknight's board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the per unit merger consideration adequately compensates Blueknight's unitholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.
Weiss Law has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com
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