N@N

Finkelstein Thompson LLP Announces Investigation of the Southern Union Company

^{Published on 2011-06-16 14:30:50 - Market Wire}
 

WASHINGTON--([ BUSINESS WIRE ])--Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of the Southern Union Company (aSoutherna or the aCompanya) (NYSE: SUG) concerning the proposed acquisition of the Company by Energy Transfer Equity (aETEa). Under the terms of the acquisition, ETE will issue special new stock units worth $33 apiece for each share of Southern Union. After the deal closes, those units can be exchanged for either cash or 0.77 Energy Transfer common units.

The investigation is focused on the potential unfairness of the consideration to Southern shareholders, the process by which the Board of Directors considered the transaction, and potential conflicts of interests among Southern Board members. According to Yahoo! Finance, the high target price for Southern stock is $34.00, and shares have traded above $33.00 since the offer was announced.

If you are interested in discussing your rights as a Southern shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at [ contact@finkelsteinthompson.com ].

Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.

To learn more about Finkelstein Thompson LLP, please visit our web site at [ www.finkelsteinthompson.com ]. Attorney advertising. Prior results do not guarantee similar outcomes.