SMC

Summit Midstream Corporation has agreed to merge with Tall Oak Midstream Operating, LLC. Summit will acquire Tall Oak Midstream III from Tall Oak’s portfolio partner, Tailwater Capital, for approximately $450 million.

Kuehn Law is investigating whether the Board of the target company:‍‍

1) acted to maximize shareholder value
2) failed to disclose material information
3) conducted a fair process

Notice to Shareholders:

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Directors' Fiduciary Duties

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As shareholders, it's essential to understand the fiduciary duties of the Board of Directors. These duties ensure the Board acts in the best interest of the company and its shareholders.

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1. Duty of Care

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Diligence: Make informed decisions by thoroughly reviewing information.

‍Active Participation: Regularly attend and engage in board meetings.

Expert Advice: Seek expert opinions when necessary.

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2. Duty of Loyalty

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Avoid Conflicts of Interest: Prioritize the company's interests over personal gain.

‍Self-Dealing: Do not use the position for personal benefit.

‍Confidentiality: Maintain the confidentiality of company information.

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3. Duty of Good Faith

Honesty: Act with integrity in all decisions.

‍Best Interests: Ensure actions are in the best interest of the company and shareholders.

‍Fairness: Treat all shareholders fairly and equally.

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‍Your awareness and understanding of these duties are crucial in ensuring the Board acts responsibly and in the best interest of all shareholders.