NEW YORK, Feb. 10, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Energy Transfer Partners, L.P. ("Energy Transfer Partners" or the "Company") (NYSE: ETP) concerning the proposed acquisition of the Company by Sunoco Logistics Partners L.P. ("Sunoco").
Under the terms of the offer, Sunoco would acquire Energy Transfer Partners in a transaction that values Energy Transfer Partners at approximately $21.3 billion. Pursuant to the deal, Energy Transfer Partners unitholders will receive 1.5 common units of Sunoco for each unit owned, valued at approximately $37.03. At least one Wall Street analyst had set a price target for Energy Transfer Partners units of $55.00.
A class action has been filed opposing the transaction in the U.S. District Court for the District of Delaware, C.A. No. 1:17-cv-00141-UNA. Large holders of Energy Transfer Partners units may seek to serve as lead plaintiff.
If you own greater than $100,000 worth of Energy Transfer Partners units and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
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Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP