Believes SunCoke Energy, Inc.'s Proposal to Acquire SunCoke Energy Partners, LP is Wholly Inadequate
PR Newswire
PRINCETON, N.J., Dec. 5, 2016
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
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/foxhill-capital-partners-sends-letter-to-conflicts-committee-of-suncoke-energy-partners-lp-300372613.html
SOURCE Foxhill Capital Partners L.P.