Friday, December 15, 2017
 
 
News: Page (1) of 1 - 04/30/12 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
Energy Transfer Partners to buy Sunoco for $5.3B
Energy Transfer Partners to buy Sunoco in deal valued at about $5.3 billion
By The Associated Press

DALLAS (AP) ' Natural gas company Energy Transfer Partners says it will buy Sunoco in a cash-unit deal valued at $5.3 billion.

That would expand the footprint of the Dallas company in the Northeast, and it will also handle more crude and other heavy hydrocarbons.

The offer includes $25 in cash share and a portion of an Energy Transfer Partners unit totaling $50.13 per share for each Sunoco Inc. share. Sunoco shareholders can also opt for $50 in cash or slightly more than one ETP unit.



Energy Transfer Partners LP says the deal price represents a 29 percent premium to the 20-day average closing price of the Philadelphia company's shares as of Friday. The company's stock closed at $40.91, and the $50.13 per share price represents a 23 percent premium to that.


Page: 1


 
 
 
 
 
 
 
 
 
 
 





Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines