INVESTOR ALERT: The Law Office of Jack Stuart Beige & Associates, P.C. Announces Investigation of Susser Holdings Corporation Buyout Proposal
SMITHTOWN, NY, April 30, 2014:
The Law Office of Jack Stuart Beige & Associates, P.C. announces that it is investigating the Board of Directors of Susser Holdings Corporation (“Susser”) (NYSE: SUSS) for possible breaches of fiduciary duties and other violations of law in connection with Susser’s agreement to be acquired by Energy Transfer Partners, L.P. (“ETP”)(NYSE: ETP), in a transaction valued at approximately $1.8 billion.
Under the terms of the agreement, public 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.
The investigation concerns whether Susser’s Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to Susser’s stockholders would be fair and adequate, and whether Susser is acting in its stockholders’ best interests.