Institutional Shareholder Services Recommends Energy Transfer Partners, L.P. Unitholders Vote for Merger with Sunoco Logistics Partners L.P.
ETP’s Board of Directors has recommended that ETP unitholders vote in
favor of the merger by completing and returning their proxy card. ETP’s
unitholders are reminded that their vote is important. Unitholders may
be able to vote their common units by telephone or the Internet if their
units are held by a broker or other nominee. If ETP unitholders do not
vote, it will have the same effect as a vote against approval of the
merger. ETP unitholders are advised that if they have any questions or
need any assistance in voting their units, they should contact ETP’s
proxy solicitor,
Cautionary Statement Regarding Forward-Looking Statements
This press release includes “forward-looking” statements.
Forward-looking statements are identified as any statement that does not
relate strictly to historical or current facts. Statements using words
such as “anticipate,” “believe,” “intend,” “project,” “plan,” “expect,”
“continue,” “estimate,” “goal,” “forecast,” “may” or similar expressions
help identify forward-looking statements. SXL and ETP cannot give any
assurance that expectations and projections about future events will
prove to be correct. Forward-looking statements are subject to a variety
of risks, uncertainties and assumptions. These risks and uncertainties
include the risks that the proposed transaction may not be consummated
or the benefits contemplated therefrom may not be realized. Additional
risks include: the ability to obtain requisite regulatory and unitholder
approval and the satisfaction of the other conditions to the
consummation of the proposed transaction, the ability of SXL to
successfully integrate ETP’s operations and employees and realize
anticipated synergies and cost savings, the potential impact of the
announcement or consummation of the proposed transaction on
relationships, including with employees, suppliers, customers,
competitors and credit rating agencies, the ability to achieve revenue,
DCF and EBITDA growth, and volatility in the price of oil, natural gas,
and natural gas liquids. Actual results and outcomes may differ
materially from those expressed in such forward-looking statements.
These and other risks and uncertainties are discussed in more detail in
filings made by SXL and ETP with the
Additional Information and Where to Find It
SXL has filed with the
Sunoco Logistics Partners L.P. | Energy Transfer Partners, L.P. | |
3807 West Chester Pike | 811 Westchester Drive, Suite 600 | |
Newtown Square, PA 19073 | Dallas, TX 75225 | |
Attention: Investor Relations | Attention: Investor Relations | |
Phone: (866) 248-4344 (Toll Free) | Phone: 214-981-0795 | |
Participants in the Solicitation
SXL, ETP and their respective directors and executive officers may be
deemed to be participants in the solicitation of proxies in connection
with the proposed merger. Information regarding the directors and
executive officers of SXL is contained in SXL’s Form 10-K for the year
ended December 31, 2016, which was filed with the
View source version on businesswire.com: http://www.businesswire.com/news/home/20170414005278/en/
Source:
Energy Transfer
Investor Relations:
Helen Ryoo,
Lyndsay Hannah, Brent Ratliff, 214-981-0795
or
Media
Relations:
Vicki Granado, 214-981-0761