Cases
Energy Transfer Partners, L.P. (NYSE: ETP)
Merger
Overview
Overview
- Date:
- 1/13/2017
- Company Name - Buyer:
- Sunoco Logistics Partners L.P.
- Class Period:
- FROM 1/6/2017
- Status:
- Closed/Complete
- Merger Announcement Date:
- 11/21/2016
- Court:
- U.S. District Court: Northern District of Texas
NEW YORK, January 13, 2017 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Texas Northern District Court on behalf of all persons or entities who held Energy Transfer Partners, L.P. (NYSE: ETP) securities on January 6, 2017 (the “Class Period”).
On November 21, 2016, the two parties announced the signing of a definitive merger agreement pursuant to which Sunoco Logistics Partners L.P. will acquire Energy Transfer Partners, L.P. in a deal worth $20 billion. As a result of the merger, Energy Transfer Partners shareholders are only anticipated to receive 1.5 Sunoco shares for each share of Energy Transfer common stock.
The complaint alleges that the company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the company.
If you held Energy Transfer securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On November 21, 2016, the two parties announced the signing of a definitive merger agreement pursuant to which Sunoco Logistics Partners L.P. will acquire Energy Transfer Partners, L.P. in a deal worth $20 billion. As a result of the merger, Energy Transfer Partners shareholders are only anticipated to receive 1.5 Sunoco shares for each share of Energy Transfer common stock.
The complaint alleges that the company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the company.
If you held Energy Transfer securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.