Atlas Energy Resources, LLC Investor Investigation

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) April 27, 2009 -- An investigation on behalf of current investors in Atlas Energy Resources, LLC(Public, NYSE:ATN), who purchased their ATN shares before Monday, April 27, 2009, over potential breach of fiduciary duty by the board of Atlas Energy Resources, LLC
(Public, NYSE:ATN) over ‘unfair takeover’ was announced.

If you purchased shares of Atlas Energy Resources, LLC (Public, NYSE:ATN) before Monday, April 27, 2009 and currently still hold them you have certain options and you should contact the Shareholders Foundation, Inc. immediately!

Email: mail@shareholdersfoundation.com

Or call us at: +1 (858) 779 - 1554

According to the investigation by a law firm the investigation focuses on potential shareholder claims concerning breaches of fiduciary duty by the board of directors of Atlas Energy Resources, LLC (Public, NYSE:ATN) arising out of their attempt to sell Atlas Energy to Atlas America Inc under the given conditions as they appear to be unfair to the shareholders of Atlas Energy Resources, LLC (NYSE:ATN).

On Monday Natural gas companies Atlas America (NASDAQ:ATLS) and Atlas Energy Resources (NYSE:ATN) announced the proposed takeover of Atlas Energy Resources by Atlas America. Under the present conditions Atlas Energy Resources LLC would agree to become a wholly owned subsidiary of Atlas America Inc., which will change its name to Atlas Energy Inc. if stockholders of both companies approve the deal. In the deal, each common unit of Atlas Energy Resources, LLC (NYSE:ATN) not owned by Atlas America will be converted into 1.16 shares of Atlas America common stock. Based on a closing price of Atlas America, Inc shares (ATN) on Friday, April 24, 2009 of $12.41 per share, Atlas Energy Resources, LLC (NYSE:ATN) shareholders would receive a cash equivalent of $ 14.39 per ATN share. Atlas Energy Resources, LLC (NYSE:ATN) shares traded on Friday at $14.35 and inclined to $14.51 on Monday as a result of the announcement. Considering this calculation Atlas America offers the shareholders of Atlas Energy Resources (NYSE:ATN) no premium in the proposed takeover. The investigation adds that the offered price seems to be also unfair to shareholder of Atlas Energy Resources, LLC as shares of Atlas Energy Resources, LLC (NYSE:ATN) traded as high as $16.50 per share on February 13, 2009, reached $22.09 per share as recently as November 2008, and traded over $44 per share in 2008. Atlas America (NASDAQ:ATLS) owns already 48 percent of the common units and all of the management incentive interests of Atlas Energy (NYSE:ATN).

If you purchased shares of Atlas Energy Resources, LLC (Public, NYSE:ATN) before Monday, April 27, 2009 and currently still hold them you have certain options and you should contact the Shareholders Foundation, Inc. immediately!

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