Faruqi & Faruqi, LLP Announces Investigation Related to the Acquisition of Inergy Holdings, L.P.

Aug. 10, 2010 - PRLog -- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Inergy Holdings, L.P. (“Inergy Holdings” or the “Company”)  for potential breaches of fiduciary duty in connection with their conduct related to the sale of the Company to Inergy, L.P. (“Inergy”) .  The proposed transaction offers Inergy Holdings shareholders to only receive 0.77 common units of Inergy for each share they own or approximately $33.39 based on prior closing price of NRGY units. According to Thomson/First Call, at least one financial analyst values Inergy Holdings’s common stock at $35.00 per share.

Whether the Inergy Holdings Board of Directors breached their fiduciary duties to Inergy Holdings stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Inergy Holdings shares and by how much this proposed transaction undervalues the Company to the detriment of Inergy Holdings shareholders are the key focus of this investigation.  

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation.  The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation.  The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in Inergy Holdings and wish to obtain additional information, please visit us at http://www.faruqilaw.com/inergy or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Contact:

Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone:     (212) 983-9330

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SOURCE: Faruqi & Faruqi, LLP