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

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

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 CEST

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.
08/19 SUNOCO : Critics, backers face off over proposed Mariner East 2 pipeline project
08/19 SUNOCO : Critics, backers face off over Sunoco's proposed Mariner East 2 pipelin..
08/17 SUNOCO : DEP holds Mariner East II pipeline hearing in Harrisburg
08/15 SUNOCO : Gas Station Employee Pistol-Whipped During Ardsley Robbery, Report Says
08/14 GET YOUR GOOSE : Improvements Aplenty As Game Commission Outlines Plans To Incre..
08/10 SUNOCO LOGISTICS PARTNERS : pipeline creates a divide across Pennsylvania
08/04 SUNOCO : Management's Discussion and Analysis of Financial Condition and Results..
08/04 SUNOCO LP : tops Street 2Q forecasts
08/04 SUNOCO LP : Results of Operations and Financial Condition, Financial Statements ..
08/03 SUNOCO LP : Entry into a Material Definitive Agreement, Financial Statements and..
More news
Sector news : Oil & Gas Refining and Marketing - NEC
08/25DJOil Firms Binge on Debt -- WSJ
08/24DJLargest Oil Companies' Debts Hit Record High -- Update
08/24 IMPERIAL'S KEARL PROJECT TO UNDERGO : sources
08/24DJROYAL DUTCH SHELL A : Correction to U.S. LNG for China Story
08/24DJU.S. LNG for China Arrives Via Panama Canal
More sector news : Oil & Gas Refining and Marketing - NEC