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Bull & Lifshitz, LLP Announces Investigation of Southern Union Company

^{Published on 2011-06-21 08:05:58 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Southern Union Company (NYSE: SUG) (referred to as "Southern Union" or the aCompanya) to Energy Transfer Equity, L.P. (aEnergy Transfera) in a transaction valued at approximately $7.9 billion, including approximately $3.7 billion of existing Southern Union debt.

Under the terms of the agreement, stockholders of Southern Union will exchange their common shares for newly issued Series B Units of Energy Transfer with a value of $33.00 per share, or approximately $4.2 billion.

Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Companya™s shareholders.

If you are a holder of Southern Union common stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.

If you are a shareholder of Southern Union and would like more information about our investigation, please contact Peter D. Bull, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: [ counsel@nyclasslaw.com ]. All e-mail correspondence should make reference to Southern Union.

Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at [ www.nyclasslaw.com ].

ATTORNEY ADVERTISING. © 2011 Bull & Lifshitz, LLP. The law firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East 41^st Street, New York, New York 10017, (212) 213-6222. Prior results do not guarantee or predict a similar outcome with respect to any future matter.