Foxhill Capital Partners Sends Letter to Conflicts Committee of SunCoke Energy Partners, LP
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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
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SOURCE Foxhill Capital Partners L.P.
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