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

San Diego, CA -- (SBWire) -- 12/14/2016 --An investigation on behalf of investors, who currently hold units of Energy Transfer Partners LP (NYSE:ETP), was announced concerning whether the takeover of Energy Transfer Partners LP by Sunoco Logistics Partners is unfair to NYSE:ETP unitholders.

Investors who purchased units of Energy Transfer Partners LP (NYSE:ETP) and currently hold any of those NYSE:ETP 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 officers and directors of Energy Transfer Partners LP breached their fiduciary duties owed to NYSE:ETP investors in connection with the proposed acquisition.

On November 21, 2016, Sunoco Logistics Partners L.P.(NYSE: SXL) and Energy Transfer Partners LP (NYSE:ETP) announced that they have entered into a merger agreement providing for the acquisition of ETP by Sunoco Logistics Partners in a unit-for-unit transaction. Under the terms of the agreement, Energy Transfer Partners LP (NYSE:ETP) unitholders will receive 1.5 common units of Sunoco Logistics Partners for each common unit of Energy Transfer Partners LP (NYSE:ETP) with an equivalent value of $39.29per unit.

However, given that at least one analyst had set a high price target for Energy Transfer Partners LP (NYSE:ETP) at $55.00, the investigation concerns whether the offer is unfair to NYSE:ETP unitholders. More specifically, the investigation concerns whether the Energy Transfer Partners Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

On December 13, 2016, Energy Transfer Partners LP (NYSE:ETP) units closed at $34.50 per unit.

Those who are current investors in Energy Transfer Partners LP units have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com