N@N

Law Offices of Howard G. Smith Announces Investigation of Southern Union Company

^{Published on 2011-06-17 16:36:04 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Southern Union Company (aSouthern Uniona or the aCompanya) (NYSE:SUG) related to the Companya™s agreement to be acquired by Energy Transfer Equity, L.P. (aETEa). The proposed all-stock transaction is valued at approximately $7.9 billion, including assumed debt.

Under the terms of the definitive merger agreement entered into by the parties, Southern Union shareholders will receive newly issued Series B Units of ETE for each share the own of the Companya™s common stock. The proposed transaction values Southern Union common stock at approximately $33.00 per share. The proposed transaction is expected to be completed in first quarter 2012. If the transaction is completed, Southern Union will become a wholly owned subsidiary of ETE. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by Southern Uniona™s board of directors.

If you are a shareholder of Southern Union, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].