Robbins Arroyo LLP: Acquisition of SunCoke Energy Partners, L.P. (SXCP) by Acquiring SunCoke Energy, Inc. (SXC) May Not Be in Unitholders’ Best Interests

Shareholder rights attorneys at Robbins Arroyo LLP are investigating
the proposed acquisition of SunCoke Energy Partners, L.P. (NYSE: SXCP)
by SunCoke Energy, Inc. (NYSE: SXC). On October 31, 2016, the two
companies announced the signing of a definitive merger agreement
pursuant to which SunCoke Energy will acquire SunCoke Energy Partners.
Under the terms of the agreement, SunCoke Energy Partners unitholders
will receive 1.65 new shares of SunCoke Energy common stock, the value
of which is equivalent to $17.80, for each unit of SunCoke Energy
Partners common units.

View this information on the law firm's Shareholder Rights Blog: www.robbinsarroyo.com/shareholders-rights-blog/suncoke-energy-partners-l-p

Is the Proposed Acquisition Best for SunCoke Energy Partners and
Its Unitholders?

Robbins Arroyo LLP's investigation focuses on whether the board of
directors at SunCoke Energy Partners is undertaking a fair process to
obtain maximum value and adequately compensate its unitholders.

As an initial matter, the $17.80 merger consideration represents a
premium of only 5.00% based on SunCoke Energy Partners' closing price on
October 28, 2016. This premium is significantly below the average one
day premium of nearly 33.84% for comparable transactions within the past
five years. Further, the $17.80 merger consideration is significantly
below the target price of $20.00 set by an analyst at J.P. Morgan on
October 20, 2016 and $19.00 set by an analyst at FBR Capital Markets on
October 21, 2016. In the last three years, SunCoke Energy Partners
traded as high as $32.02 on March 6, 2014, and most recently traded
above the merger consideration – at $18.38 – on June 25, 2015.

On October 20, 2016, SunCoke Energy Partners reported earnings results
for its third quarter 2016. Net income attributable to SunCoke Energy
Partners increased $1.8 million, or 9.3%, to $21.3 million. In
commenting on these results, SunCoke Energy Partners Chairman, President
and Chief Executive Officer Fritz Henderson remarked, "We continue to
perform in line with expectations and remain on track to deliver against
our 2016 Adjusted EBITDA guidance of $207 million to $217 million
underpinned by our strong cokemaking performance. We applaud the
milestones our [Convent Marine Terminal] customers reached with their
lenders and are working side-by-side with them to maximize the value our
terminal can bring to their operations. We are also quite pleased about
the domestic thermal coal pilot we announced earlier this week and look
forward to proving out our domestic-facing capability with the goal of
securing additional merchant volumes."

In light of these facts, Robbins Arroyo LLP is examining SunCoke Energy
Partners' board of directors' decision to sell the company now rather
than allow unitholders to continue to participate in the company's
continued success and future growth prospects.

SunCoke Energy Partners unitholders have the option to file a class
action lawsuit to ensure the board of directors obtains the best
possible price for unitholders and the disclosure of material
information. SunCoke Energy Partners unitholders interested in
information about their rights and potential remedies can contact
attorney Darnell R. Donahue at (800) 350-6003, ddonahue@robbinsarroyo.com,
or via the shareholder
information form on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in securities
litigation and shareholder rights law. The law firm represents
individual and institutional investors in shareholder derivative and
securities class action lawsuits, and has helped its clients realize
more than $1 billion of value for themselves and the companies in which
they have invested.

Attorney Advertising. Past results do not guarantee a similar outcome.

View source version on businesswire.com: http://www.businesswire.com/news/home/20161031006338/en/

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