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Case Status:    DISMISSED    
On or around 10/21/2016 (Date of order of final judgment)

Filing Date: June 01, 2015

According to the Complaint, on May 21, 2015, Vanguard and the Partnership announced a definitive agreement under which Vanguard, through its wholly owned subsidiary Talon Merger Sub, LLC (“Merger Sub”), will acquire all of the outstanding units of Eagle Rock for 0.185 Vanguard units per Eagle Rock unit (the “Proposed Transaction”). Based on the closing price of Vanguard’s units on May 21, 2015, the implied per unit price that Eagle Rock unitholders will receive is $3.05. Inclusive of debt, the Proposed Transaction is valued at approximately $614 million and is expected to close in the third quarter of 2015. The Complaint alleges the Board has breached its fiduciary duties by agreeing to the Proposed Transaction for inadequate consideration.

The Court ordered this case dismissed with prejudice on October 21, 2016.

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