SunCoke Energy Partners LP (NYSE:SXCP) Investor Investigation Over Potential Wrongdoing In Merger Announced

If you purchased units of SunCoke Energy Partners LP (NYSE:SXCP) and currently hold any of those NYSE:SXCP units, you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
SunCoke Energy Partners
Affected Securities: 
NYSE: SXCP

November 7, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold units of SunCoke Energy Partners LP (NYSE:SXCP), was announced concerning whether the takeover of SunCoke Energy Partners LP. by SunCoke Energy, Inc is unfair to NYSE:SXCP stockholders.

The investigation by a law firm concerns whether certain officers and directors of SunCoke Energy Partners LP breached their fiduciary duties owed to NYSE:SXCP investors in connection with the proposed acquisition.

On Octboer 31, 2016, SunCoke Energy, Inc. announced that it has submitted a proposal to the Board of Directors of the general partner of SunCoke Energy Partners LP (NYSE:SXCP) to acquire all of SunCoke Energy Partners LP (NYSE:SXCP) common units not already owned by SunCoke Energy, Inc. Under the terms of the proposal, SunCoke Energy Partners LP (NYSE:SXCP common unitholders would receive approximately 1.65 new shares of SXC common stock for each SunCoke Energy Partners LP (NYSE:SXCP) common unit on the New York Stock Exchange, representing an implied purchase price of $17.80 per NYSE:SXCP common unit on November 9, 2016.

However, given that at least one analyst has set the high target price for NYSE:SXCP units at $20.00 and given that in the open market NYSE:SXCP units traded as high as the $19.74 per unit, the investigation concerns whether the offer is unfair to NYSE:SXCP unitholders. More specifically, the investigation concerns whether the SunCoke Energy Partners Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized unitholder value by negotiating the best price, and acted in the unitholders' best interests in connection with the proposed sale.