NEW YORK, April 30, 2012 /PRNewswire/ -- Bernstein Liebhard LLP is investigating whether the Board of Directors of Sunoco, Inc. ("Sunoco" or the "Company") (NYSE: SUN) breached its fiduciary duty to its shareholders in agreeing to sell Sunoco to Energy Transfer Partners, L.P. (NYSE: ETP).
Under the terms of the agreement, Sunoco shareholders will receive $25 in cash and 0.5245 of an ETP common unit for each share they own. The investigation is focused on the potential unfairness of the price to Sunoco shareholders and the process by which the Sunoco Board of Directors considered and approved the transaction.
If you are interested in discussing your rights as a Sunoco stockholder, with no obligation or cost to you, please contact U. Seth Ottensoser at:
Bernstein Liebhard has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal's "Plaintiffs' Hot List" in each of the last nine years.
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ATTORNEY ADVERTISING. © 2012 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
SOURCE Bernstein Liebhard LLP