Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Sunoco, Inc.    SUN   US86764P1093


SummaryChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Sunoco, Inc. : Buyout of Sunoco -- Shareholder Investigation by Tripp Levy PLLC on Behalf of Sunoco Shareholders

04/30/2012 | 09:05am US/Eastern

NEW YORK, April 30, 2012 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm, is investigating the Senior Management and the Board of Directors of Sunoco, Inc. (NYSE: SUN) for possible breaches of fiduciary duty and other violations of state law. On April 30, 2012, Energy Transfer Partners, L.P. (NYSE: ETP) announced that it has entered into a definitive merger agreement whereby ETP will acquire Sunoco in a unit and cash transaction valued at $50.13 per share. Under the terms of the merger agreement, Sunoco shareholders can elect to receive, for each Sunoco common share they own, either $50.00 in cash, 1.0490 ETP common units or a combination of $25.00 in cash and 0.5245 ETP common units.

The investigation concerns, among other things, whether the consideration to be paid to Sunoco shareholders is unfair, inadequate, and substantially below the fair or inherent value of Sunoco, and whether the senior management of Sunoco are putting their own self-interests ahead of that of the Company's shareholders. Indeed, analysts project Sunoco's true going forward value is in excess of the merger consideration.

If you own common stock in Sunoco and wish to obtain additional information, please contact us at:

Tripp Levy PLLC

Toll free: 877-772-3975



React to this article
Latest news on SUNOCO, INC.
01/26 SUNOCO : pipeline project continues on Mill Creek MetroParks property
01/22 SUNOCO : Falling gas prices bring relief to drivers
01/20 SUNOCO : Nocco: Series of Pasco armed robberies may be connected
01/18 SUNOCO : to rebuild station in Pottsville
01/17 SUNOCO : Two men sought in armed gas station robbery
01/16 SUNOCO LOGISTICS PARTNERS : BRIEF: Sunoco propane leak under control
01/14 SUNOCO : Economist: Oil prices may keep falling until June
01/12 SUNOCO : station robbed again
01/09 SUNOCO : The Post-Crescent, Appleton, Wis., The Buzz column
01/08 SUNOCO : Gas drops to less than $2 a gallon in Fellsmere
Dynamic quotes