Member access

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


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.
04/18 SUNOCO : Borough asks Sunoco for CNG concessions
04/17 SUNOCO : Mother: Beating victim 'never hurt anyone'
04/15 SUNOCO : Acquires Eight Convenience Stores In Texas From PICO Petroleum
04/14 SUNOCO : New federal indictment alleges Watertown men conspired in gunpoint robb..
04/13 SUNOCO : Entry into a Material Definitive Agreement, Regulation FD Disclosure, F..
04/12 SUNOCO : Three local gas stations to offer Sunoco
04/08 SUNOCO LOGISTICS PARTNERS : West Cornwall Hears from Sunoco, citizens
04/06 SUNOCO : Dangerous driving: Raeford Road stretch has 80-plus wrecks over 6 month..
04/02 SUNOCO : Entry into a Material Definitive Agreement, Completion of Acquisition o..
04/02 SUNOCO : Completes Acquisition Of 31.58% Equity Interest In ETP’s Fuel Dis..
Dynamic quotes