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Board-level risk committees are great, unless they destroy the company

Board-level risk committees are great, unless they destroy the company
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Regency, PVR In $5 6B Multi-Basin Midstream Tie-Up - Natural Gas Intelligence

Regency Energy Partners LP plans to buy PVR Partners LP in a $5.6 billion deal (including $1.8 billion of debt) to create a natural gas gathering and processing giant with a presence in Appalachia, West Texas, South Texas, the Midcontinent and North Louisiana.

General Partner Breached Implied Covenants in Partnership Agreement, but Plaintiff s Apples-to-Oranges Calculation Dooms Bid for Damages | Farrell Fritz, P C

To embed, copy and paste the code into your website or blog: In most of the business valuation cases that I’ve litigated, it’s not long before one side accuses the other’s valuation expert of mixing apples and oranges.  And at the risk of endorsing the overused expression, it’s easy to see why.  Inconsistencies in valuation methodologies or applications often are fertile grounds for criticism, and invocation of the apples-to-oranges idiom is an easy hook to argue that almost any inconsistency requires disregarding the expert’s opinion altogether. That is exactly what happened to the Plaintiff’s valuation expert in

Conflicts committee was conflicted, but $10 billion merger was OK, court rules

Andre G. Bouchard | delaware.gov WILMINGTON, Del. (Legal Newsline) - A “conflicts committee” that was supposed to be conflict-free but wasn’t tainted did not invalidate the $10 billion merger between two pipeline companies, a Delaware court ruled in a decision dismissing a lawsuit seeking more than $2 billion in damages. Energy Transfer Partners bought Regency Energy Partners in a share-for-share transaction in 2015, part of a consolidation wave that swept the pipeline industry after tax-law changes and a plunge in oil prices hurt the outlook for many companies. Energy Transfer Partners and Regency were both controlled by Energy Transfer Equity through a complicated partnership structure in which the general partner directed operations at the pipeline units.

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