TC PIPELINES ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of TCP and Encourages Investors to Contact the Firm
December 16, 2020 at 14:51 PM EST
NEW YORK, Dec. 16, 2020 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of TC PipeLines, LP (NYSE: TCP) (“TCP”) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by TC Energy Corporation (NYSE: TRP).
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On December 15, 2020, TCP announced that it had signed an agreement to be acquired by TC Energy in an all-stock transaction. Pursuant to the merger agreement, TCP stockholders will receive 0.70 shares of TC Energy for each share of TCP common stock owned. The deal is scheduled to close in the second quarter of 2021.
Bragar Eagel & Squire is concerned that TCP’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for TCP’s stockholders.
If you own shares of TCP and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at email@example.com or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
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