Foxhill Capital Partners Sends Letter to Conflicts Committee of SunCoke Energy Partners, LP
December 05 2016 - 9:00AM
PR Newswire (US)
PRINCETON, N.J., Dec. 5, 2016 /PRNewswire/ -- Foxhill Capital
Partners L.P. ("Foxhill"), which beneficially owns 259,252 common
units of SunCoke Energy Partners, L.P. (NYSE: SXCP), today
announced it sent a letter to the Conflicts Committee of SXCP
stating its opposition to SunCoke Energy Inc.'s (NYSE: SXC)
proposal to acquire the remaining common units of SXCP not already
owned by SXC. Foxhill does not believe the offer reflects the
long-term, intrinsic value of the common units and is not in the
best interests of all SXCP common unit holders. Foxhill is making
its letter public to inform other common unit holders of what it
perceives to be a deeply undervalued offer being made by SXC, as
well as to encourage the highest levels of transparency and
fairness in the Conflict Committee's evaluation of the SXC
offer.
The full text of the letter can be found here.
Media Contact:
Neil Weiner
Foxhill Capital Partners LLC
T: (609) 720 1700
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SOURCE Foxhill Capital Partners L.P.
Copyright 2016 PR Newswire
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