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SHAREHOLDER ALERT: WeissLaw LLP Investigates BP Midstream Partners LP

Provided By PR Newswire

Last update: Dec 22, 2021

NEW YORK, Dec. 21, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of BP Midstream Partners LP ("BPMP" or the "Partnership") (NYSE: BPMP) in connection with the proposed acquisition of the Partnership by BP p.l.c. and its affiliates ("BP"). Under the terms of the merger agreement, a BP U.S. affiliate will acquire all outstanding common units of BPMP not already owned directly or indirectly by BP (the "Public Common Units"), representing 47,837,828 common units. Each unitholder of the Public Common Units would receive 0.575 of an American Depositary Share of BP in exchange for each Public Common Unit owned.

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