Robbins Umeda LLP Is Investigating Southern Union Company

Robbins Umeda LLP, a shareholder rights litigation firm, is interested in helping shareholders of Southern Union Company (NYSE: SUG). The firm has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the board of directors of Southern Union Co. in connection with their efforts to sell the company to Energy Transfer Equity, L.P. (NYSE: ETE).

If you own stock in Southern Union Co. and would like more information about your shareholder rights, please contact Gregory E. Del Gaizo at 800-350-6003 or via the shareholder information form on our website.

On June 16, 2011, Southern Union Co. and ETE announced that they entered into a definitive merger agreement under which ETE will acquire Southern Union Co. Under the terms of the agreement, which has been unanimously approved by both companies' boards, Southern Union Co. shareholders will be required to exchange their shares in the company for Series B shares of ETE, valued at $33.00. Once finalized, Southern Union Co. will become a wholly owned subsidiary of ETE. The transaction is expected to be completed in the first quarter of 2012.

The investigation focuses on whether Southern Union Co.'s board is undertaking a fair process to obtain maximum value and adequately compensate its shareholders in light of the company's recent positive financial results. On May 9, 2011, Southern Union Co. reported first quarter revenue of $746.82 million, a figure that greatly surpassed analyst expectations of $525.00 million. Additionally, a number of financial analysts have released target prices for Southern Union Co. that are higher than today's offer price and that value the company's stock at between $33.50 and $34.00 per share.

Robbins Umeda LLP represents individual and institutional shareholders in derivative, direct, and class action lawsuits. The firm's skilled litigation teams include former federal prosecutors, former defense counsel from top multinational corporate law firms, and career shareholder rights attorneys. Robbins Umeda LLP has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. For more information, please go to http://www.robbinsumeda.com.

Press release link: http://www.robbinsumeda.com/shareholders-rights-blog/southern-union-company/

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