Monday, April 30, 2012

Sunoco bought by Energy Transfer Partners for $5.3 billion ...

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Sunoco bought by Energy Transfer Partners for $5.3 billion ...
Apr 30th 2012, 23:03

A Sunoco (NYSE: SUN) deal with ETP gives the former refiner $5.3 billion for 7900 miles of pipeline. Here's why ETP and others are paying for pipeline. Money Morning – Only The News You Can Profit From.

A Texas-based energy company has offered to buy Sunoco for $5.3 billion but says it will keep a strong Philadelphia presence.

April 30 (Reuters) – Some US stocks to watch on Monday: ENERGY TRANSFER PARTNERS LP $49.07, up 2.5 pct SUNOCO INC $48.88, up 19.5 pct The pipeline operator said it will buy Sunoco Inc for $5.3 billion in stock and cash to get into the more lucrative

Sunoco Inc. (SUN) climbed 20 percent to $49.29 for the biggest advance in the S&P 500. The Philadelphia-based refiner agreed to be acquired for $5.3 billion in shares and cash by Energy Transfer Partners LP (ETP US), which is adding oil transportation

Do you own shares of Sunoco, Inc.? Robbins Umeda LLP is investigating the board's decision to sell Sunoco, Inc. to Energy Transfer Partners, L.P..

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