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.
09/30 SUNOCO : Armed robbery reported at Sunoco on US 60
09/28 Sunoco expands West Texas crude pipeline network
09/27 BRIEF : Sunoco expands West Texas crude pipeline network
09/22 SUNOCO : Local Gas Prices
09/22 SUNOCO : City okays Red Arrow Diner plan
09/18 SUNOCO LOGISTICS PARTNERS L P : issued lengthy to-do list in Mariner East pipeli..
09/17 SUNOCO : Chamber welcomes Sunoco store
09/15 SUNOCO : Coffee chain may come to village
09/12 FAIR HAVEN : Bank plan hearings to resume
09/02 SUNOCO : Gas station redo in Hamilton means more pumps, retail space
More news
Sector news : Oil & Gas Refining and Marketing - NEC
09/30DJNigeria Claims Oil Majors Illegally Exported Crude--Update
09/30DJNigeria Claims Oil Majors Illegally Exported Crude
09/30DJNigeria Claims Oil Majors Illegally Exported Crude
09/30DJDeepwater Horizon' Film Poses Fresh Woes for BP
09/28 FTSE recovers from one-week low as miners rally
More sector news : Oil & Gas Refining and Marketing - NEC