Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

End-of-day quote. End-of-day quote  - 10/29
46.2 USD   -0.39%
12/06 SUNOCO : Pipeline deserves support
12/06 PHILLY COMPANY :
12/03 SUNOCO : Police beat Dec. 3
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/30/2012 | 03:05pm CET

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

www.tripplevy.com

SOURCE Tripp Levy PLLC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SUNOCO, INC.
12/06 SUNOCO : Pipeline deserves support
12/06 PHILLY COMPANY SUNOCO IS DEEPLY INVE :
12/03 SUNOCO : Police beat Dec. 3
11/28 SUNOCO : Dover Acme begins gas rewards program
11/28 POLICE : Man robbed Sunoco in Kingston with knife, got away with cash
11/24 Sunoco LP, The Bank of New York Mellon Corporation, Corning Incorporated
11/24 URBAN OUTFITTERS INC. : Sunoco LP
11/22 Sunoco Logistics to merge with parent company
11/21 Sunoco Logistics acquiring Energy Transfer
11/18 SUNOCO : Barrar, Committees Consider Effects of Possible Pipelines
More news
Sector news : Oil & Gas Refining and Marketing - NEC
09:06pDJShell Signs Preliminary Iran Oil Deal Despite Trump Doubts
12/06DJEnergy Transfer Partners Seeks Court Ruling on Dakota Access Pipeline -- Upda..
12/06DJENERGY TRANSFER PARTNERS LP : Seeks Court Ruling on Dakota Access Pipeline
12/06 Why the shift to electric cars may surprise oil groups
12/06 Factbox - Why the shift to electric cars may surprise oil groups
More sector news : Oil & Gas Refining and Marketing - NEC