Business & Finance
Business and Finance
Business and Finance
Thu, June 16, 2011 The Law Firm of Levi & Korsinsky, LLP Investigates Southern Union Company
NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of Southern Union Co. (NYSE: SUG) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Energy Transfer Equity, L.P. Under the terms of the transaction, Southern Unionshareholders will exchange their common shares for newly issued Series B units at a value of $33 a share, or $4.2 billion. Energy Transfer Equity will also assume $3.7 billion in Southern Union debt.
Click here to learn how to join the action: [ http://www.zlk.com/southern-union-SUG ], or call: 877-363-5972.
The investigation concerns whether the Southern Union Board of Directors breached their fiduciary duties to Southern Union stockholders by failing to adequately shop the Company before entering into this transaction and whether Energy Transfer Equity is underpaying for Southern Union shares, thus unlawfully harming Southern Union stockholders. In particular, at least one analyst set a target price for Southern Union stock at $34.00 per share.
If you own common stock in Southern Union and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit [ http://www.zlk.com/southern-union-SUG ].
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
