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Subject: ATY

(TGE) Alert: Johnson Fistel Investigates Proposed Sale of Tallgrass Energy; Is $22.45 a Fair Price?


SAN DIEGO, Dec. 17, 2019 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Tallgrass Energy, LP (NYSE: TGE) breached their fiduciary duties in connection with the proposed sale of the Company to Blackstone Infrastructure Partners.

On December 17, 2019, Tallgrass Energy announced that it had signed a definitive merger agreement with Thoma Bravo. Under the terms of the merger agreement, Tallgrass Energy Class A shareholders will receive $22.45 in cash per share. Tallgrass Energy will not pay distributions during the pendency of the merger transaction.

The investigation concerns whether the Tallgrass Energy board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Tallgrass Energy shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration. The 52-week high for Tallgrass Energy was $25.96

If you are a shareholder of Tallgrass Energy and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker ([email protected]) at 619-814-4471. If emailing, please include a phone number.

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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit https://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
[email protected]

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SOURCE Johnson Fistel, LLP


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