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Rigrodsky & Long, P.A. Investigates Buckeye GP Holdings L.P. Buyout

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					Rigrodsky & Long, P.A. Investigates Buckeye GP
Holdings L.P. Buyout
June 11, 2010 12:28 PM Eastern Daylight Time  

WILMINGTON, Del.--(EON: Enhanced Online News)--Rigrodsky & Long, P.A. announces that it is investigating
potential claims against Buckeye GP Holdings L.P. (“BGH” or the “Company”) (NYSE:BGH) concerning possible
breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be
acquired by Buckeye Partners, L.P. (“BPL”). (http://www.rigrodskylong.com/news/BuckeyeGPHoldingsLP-BGH).

Under the proposed agreement, BGH unitholders would receive 0.705 BPL limited partnership units in exchange for
each BGH limited partnership unit owned at closing, an approximate value of $41.01 per BGH unit. Additionally, the
transaction would result in approximately 20 million additional limited partnership units being issued by BPL. The
merger transaction will result in BPL owning its general partner and the cancellation of BGH’s incentive distribution
rights.

The investigation concerns whether BGH failed to adequately shop the Company and obtain the best price possible
for BGH’s unitholders before entering into the agreement with BPL. Moreover, affiliates of ArcLight Capital
Partners, LLC and Kelso & Company, which control approximately 62% of BGH’s limited partnership units, have
committed to vote in favor of the merger, subject to limited exceptions.

If you own the common units of BGH and purchased your common units before June 11, 2010, 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, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N.
Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to
info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates
securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation,
including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and
federal courts throughout the United States.

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

Contacts
Rigrodsky & Long, P.A.
Seth D. Rigrodsky, Esquire
Noah R. Wortman, Case Development Director
888-969-4242
302-295-5310
Fax: 302-654-9430
info@rigrodskylong.com
http://www.rigrodskylong.com

Permalink: http://eon.businesswire.com/news/eon/20100611005874/en/BGH/BPL/Brian-Long

				
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