Morgan & Morgan Announces the Investigation of Susser Holdings Corporation - SUSS
NEW YORK, May 6, 2014 /PRNewswire/ -- Morgan & Morgan announces that it is investigating potential claims against the board of directors of Susser Holdings Corporation ("Susser" or the "Company") (NYSE: SUSS) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to Energy Transfer Partners, L.P. in a transaction valued at approximately $1.8 billion.
Under the terms of the agreement, shareholders of Susser can elect to receive $80.25 in cash or 1.4506 units of ETP, or a combination of both, for each share of Susser they own.
Our investigation concerns possible breaches of fiduciary duty and other violations of law by Susser's Board of Directors for not acting in the best interest of Company's shareholders in connection with the sale process.
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Peter Safirstein, Esq.
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SOURCE Morgan & Morgan