CRESTWOOD MIDSTREAM PARTNERS LP SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Merger

WILMINGTON, Del., May 8, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A.:

• Do you own shares of Crestwood Midstream Partners LP (NYSE: CMLP)?
• Did you purchase any of your shares prior to May 6, 2015?
• Do you think the proposed merger value is too low?
• Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Crestwood Midstream Partners LP ("Crestwood Midstream" or the "Company") CMLP regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to merge with Crestwood Equity Partners LP ("Crestwood Equity") CEQP.

Click here to learn more: http://rigrodskylong.com/investigations/crestwood-midstream-partners-lp-cmlp. 

Under the terms of the agreement, Crestwood Midstream unitholders will receive 2.75 units of Crestwood Equity for each unit of Crestwood Midstream they own.  Based on Crestwood Equity's closing price on May 5, 2015, Crestwood Midstream shareholders would have received compensation valued at approximately $18.76 per unit.

The investigation concerns whether Crestwood Midstream's board of directors failed to adequately shop the Company and obtain the best possible value for Crestwood Midstream's shareholders before entering into an agreement with Crestwood Equity.  According to Yahoo! Finance, at least one analyst has issued a price target for Crestwood Midstream stock at $26.00 per unit.

If you own the common stock of Crestwood Midstream and purchased your shares before May 6, 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, or at: http://rigrodskylong.com/investigations/crestwood-midstream-partners-lp-cmlp. 

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.

Attorney advertising.  Prior results do not guarantee a similar outcome.

CONTACT:                                                                                             

Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/crestwood-midstream-partners-lp-shareholder-alert-rigrodsky--long-pa-announces-investigation-of-merger-300080288.html

SOURCE Rigrodsky & Long, P.A.