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

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

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: [email protected]

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.
04/07 SUNOCO : selling stores to 7-Eleven
04/06 SUNOCO LP (NYSE : SUN) Files An 8-K Entry into a Material Definitive Agreement
04/06 SUNOCO LP : Entry into a Material Definitive Agreement, Financial Statements and..
04/06 Constellation Brands and Sunoco jump while Fox falls
04/06 SUNOCO : Stripes stores, including San Angelo's, sold to 7-Eleven
04/06 SEVEN & I : Kyodo Top12 News
04/06 SEVEN & I : to acquire 1,100 convenience stores from Sunoco LP
04/06 SUNOCO : is selling most convenience stores to 7-Eleven
03/31 SUNOCO LP (NYSE : SUN) Files An 8-K Entry into a Material Definitive Agreement
03/31 SUNOCO LP : Entry into a Material Definitive Agreement, Unregistered Sale of Equ..
More news
Sector news : Oil & Gas Refining and Marketing - NEC
03:34aDJCHINA PETROLEUM & CHEMICAL : Sinopec Corp. Plans to Spin-Off Marketing Arm
04/27 European shares fall as ECB stands pat, banks drop
04/27DJCHINA PETROLEUM & CHEMICAL : Sinopec First-Quarter Profit Surges
04/27 Dow Chemical eyes consumer markets as it readies for DuPont merger
04/27DJBP Sells Interest in Shanghai SECCO Petrochemical Company to Partner
More sector news : Oil & Gas Refining and Marketing - NEC