Provided By PR Newswire
Last update: Apr 27, 2022
NEW YORK, April 26, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Blueknight Energy Partners, L.P. ("Blueknight" or the "Company") (NASDAQ: BKEP), in connection with the proposed plan of merger pursuant to which an affiliate of Ergon, Inc. ("Ergon") would acquire all of the outstanding common and preferred units of the Company not already owned by Ergon and its affiliates (the "Common Units" and "Preferred Units"). Under the terms of the merger agreement, each holder of the Common Units will receive $4.65 in cash per Common Unit, and each holder of the Preferred Units will receive $8.75 in cash per Preferred Unit.
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