Akin Gump Advises SunCoke Energy Partners Conflicts Committee in Simplification Transaction with SunCoke Energy
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(Houston) – SunCoke Energy, Inc. (NYSE: SXC) and SunCoke Energy Partners, L.P. (NYSE: SXCP) today announced that they have entered into a definitive agreement whereby SXC will acquire all outstanding common units of SXCP not already owned by SXC in a stock-for-unit merger transaction. Under the terms of the merger agreement, SXCP common unitholders will be entitled to receive 1.40 shares of SXC per SXCP common unit in the merger. The transaction is expected to close late in the second quarter or early in the third quarter of 2019, subject to customary closing conditions.
Akin Gump advised the conflicts committee of the board of directors of the general partner of SXCP in the matter.
The Akin Gump deal team included partners John Goodgame and Lisa Hearn and associate Lisa Garrett; environment and natural resources partner David Quigley and senior counsel Andrew Oelz; tax partner Jocelyn Tau; and antitrust partner Gorav Jindal and associate Matthew Schmitten.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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