SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Energy Transfer Partners, L.P. And Encou...
December 13 2016 - 6:00PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Energy Transfer Partners, L.P.
(NYSE: ETP) (“Energy Transfer” or the “Company”) relating to the
proposed buyout of Energy Transfer by Sunoco Logistics Partners
L.P.
Under the terms of the agreement, Energy Transfer unitholders
will receive 1.5 common units of Sunoco Logistics for each common
unit of Energy Transfer with an equivalent value of $39.29, which
is lower than, according to Yahoo! Finance, at least one Wall
Street analyst’s estimated price target of $55.00 per share.
The firm’s investigation seeks to determine, among other things,
whether the Company’s Board of Directors failed to satisfy their
duties to shareholders, including whether the Board adequately
pursued alternatives to the acquisition and whether the Board
obtained the best price possible for the Company’s shares of common
stock.
If you currently own common stock of Energy Transfer and believe
that the proposed buyout price is too low, and you would like to
learn more about the investigation being conducted by Brower Piven,
please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161213006303/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
Sunoco Logistics Partners L.P. (NYSE:ETP)
Historical Stock Chart
From Apr 2024 to May 2024
Sunoco Logistics Partners L.P. (NYSE:ETP)
Historical Stock Chart
From May 2023 to May 2024