Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Susser Holdings Corporation (“Susser”) (NYSE: SUSS) related to the acquisition of SUSS by Energy Transfer Partners, L.P. Under the terms of the buyout agreement, which is currently valued at approximately $1.8 billion, Susser shareholders can elect to receive either $80.25 in cash or 1.4506 units of Energy Transfer, or a combination of both, for each share of SUSS owned. If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Patrick Powers at Powers Taylor LLP, toll free (877) 728-9607, via e-mail at firstname.lastname@example.org. There is no cost or fee to you. The Susser investigation centers on whether the Board of Directors of Susser is acting in the shareholders’ best interests, whether the board is properly considering the proposed price for the shareholders, and whether the board has employed an adequate process to review and act on the proposed transaction. Notably, the actual compensation to be paid to Susser shareholders is unknown and subject to change because, under the current transaction agreement, the aggregate cash paid and common units issued each will represent 50% of the aggregate merger consideration. According to shareholder rights attorney Willie Briscoe, “We are concerned about the fairness of this transaction to SUSS shareholders. Because Susser management may stay on with the company after the close of the acquisition, voting agreements on the merger representing 10% of the shares are already in place, and the actual compensation to be paid to shareholders is up in the air, we are concerned that the transaction may not be fair to current shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.