Enviva Partners LP
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Energy : Oil, Gas & Consumable Fuels | Small Cap Growth
Company profile

Enviva Partners, LP is a supplier of utility-grade wood pellets to power generators. The Company procures wood fiber and processes it into utility-grade wood pellets and loads the finished wood pellets into railcars, trucks and barges that are transported to deep-water marine terminals, where they are received, stored and loaded onto oceangoing vessels for transport to the Company's principally Northern European customers. The Company's principal product, utility-grade wood pellets, is a traded energy commodity that is used as a substitute for coal in both dedicated and co-fired power generation and combined heat and power plants. It enables power generators to generate electricity. The Company's customers use its wood pellets as a substitute fuel for coal in dedicated biomass or co-fired coal power plants. Wood pellets are exported from the Company's deep-water marine terminal in Chesapeake, Virginia, from a deep-water marine terminal in Wilmington, North Carolina.

Closing Price
$45.85
Day's Change
-0.58 (-1.25%)
Bid
--
Ask
--
B/A Size
--
Day's High
46.51
Day's Low
45.60
Volume
(Light)
Volume:
53,811

10-day average volume:
69,828
53,811

PARSLEY ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of PE and Encourages Investors to Contact the Firm

9:22 pm ET October 20, 2020 (Globe Newswire) Print

Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Parsley Energy, Inc. (NYSE: PE) breached their fiduciary duties or violated the federal securities laws in connection with the company's merger with Pioneer Natural Resources Company (NYSE: PXD).

Click here to learn more and participate in the action.

On October 20, 2020, Parsley announced that it had signed an agreement to be acquired by Pioneer for approximately $4.5 billion. Pursuant to the merger agreement, Parsley stockholders will receive 0.1252 shares of Pioneer common stock for each share of Parsley common stock owned. The deal is scheduled to close in the first quarter of 2021.

Bragar Eagel & Squire is concerned that Parsley's board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Parsley's stockholders.

If you own shares of Parsley and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at investigations@bespc.com or telephone at (646) 860-9157, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information:

Bragar Eagel & Squire, P.C.

Melissa Fortunato, Esq.

Alexandra Raymond, Esq.

investigations@bespc.com

www.bespc.com

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