BREINIGSVILLE, Pa., Oct. 29 /PRNewswire-FirstCall/ -- Buckeye GP Holdings L.P. ("BGH") today announced that the Special Committee of the Board of Directors of MainLine Management LLC, the general partner of BGH, has retained Morgan Stanley & Co. Incorporated as its financial advisor and McDermott Will & Emery LLP and Richards, Layton & Finger, P.A. as its legal advisors to assist the Special Committee in its review of the previously announced proposal from BGH GP Holdings, LLC ("BGH Holdings") to acquire all of the outstanding common units of BGH that are not already owned by BGH Holdings.
About Buckeye GP Holdings L.P.:
Buckeye GP Holdings L.P. is a limited partnership that owns Buckeye GP LLC, the general partner of Buckeye Partners, L.P., and 100 percent of the incentive distribution rights in Buckeye Partners, L.P. Buckeye GP Holdings L.P. also owns the general partnership interests in certain of the operating subsidiaries of Buckeye Partners, L.P. More information concerning Buckeye GP Holdings L.P. is available at http://www.buckeyegp.com/. More information concerning Buckeye Partners, L.P. is available at http://www.buckeye.com/.
This announcement is neither an offer to purchase nor a solicitation of an offer to sell units of BGH. BGH Holdings has not yet commenced the tender offer described herein. The tender offer will be made only through a tender offer statement. Investors and unitholders are strongly advised to read the tender offer statement. In addition, BGH will file a solicitation/recommendation statement with respect to the tender offer. The tender offer statement and the solicitation/recommendation statement will contain important information, which should be read carefully before any decision is made with respect to the tender offer. The tender offer statement, the solicitation/recommendation statement, and other filed documents will be available for free at the Securities and Exchange Commission's website at http://www.sec.gov/.
