Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

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

Email: contact@tripplevy.com



React to this article
Latest news on SUNOCO, INC.
08/27 SUNOCO LOGISTICS PARTNERS : Clean Air Council challenges Sunoco Pipeline's publi..
08/27 SUNOCO : List of gas stations with state-mandated generators
08/27 Cardtronics, Sunoco extend ATM services agreement
08/24 SUNOCO : Cash 5 Ticket Worth $450K Sells in Allegheny County, Pennsylvania
08/20 Cardtronics, Sunoco extend ATM services agreement
08/19 SUNOCO : A Pipeline Finds Easy Going Here ; Environment Mariner East Projects Co..
08/19 SUNOCO : BRIEF: Lottery ticket worth $450,000 sold at Oakmont Sunoco
08/19 SUNOCO : Devastated by loss of oil, Marcus Hook's fortunes rest on new buried tr..
08/18 Cardtronics, Sunoco extend ATM services agreement
08/12 SUNOCO LOGISTICS PARTNERS : fight to build natural gas pipeline heads to Pennsyl..