NYSE
NGLS

Targa Resources Partners LP

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of Targa Resources Partners LP (NYSE: NGLS) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Targa Resources Partners LP (“TRP” or the “Company”) (NYSE: NGLS) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Targa Resources Corp. (“TRC”) (NYSE: TRGP).

Under the terms of the agreement, unitholders of TRP will receive 0.62 TRC common shares for each unit of TRP.  Based on TRP’s closing price on January 7, 2016, TRP unitholders would have received compensation valued at approximately $13.31 per unit.

The investigation concerns whether TRP’s board of directors failed to adequately shop the Company and obtain the best possible value for TRP’s shareholders before entering into an agreement with TRC.

If you own the common stock of TRP and purchased your shares before November 3, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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