Takeover of SunCoke Energy Partners LP (SXCP) Under Investigation for Investors

An investigation on behalf of investors of SunCoke Energy Partners LP (NYSE:SXCP) in connection with the proposed takeover was announced and NYSE:SXCP stockholders should contact the Shareholders Foundation.

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San Diego, CA -- (SBWire) -- 11/10/2016 --An investigation on behalf of investors, who currently hold units of SunCoke Energy Partners LP (NYSE:SXCP), was announced concerning the takeover of SunCoke Energy Partners LP. by SunCoke Energy, Inc

Investors who purchased units of SunCoke Energy Partners LP (NYSE:SXCP) and currently hold any of those NYSE:SXCP units have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain 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.

Those who are current investors in NYSE:SXCP units have certain options and should contact the Shareholders Foundation.

Media Relations Contact

Michael Daniels
General Manager
Shareholders Foundation
858-779-1554
http://www.ShareholdersFoundation.com

View this press release online at: http://rwire.com/740661