Monday, April 30, 2012

Energy Transfer Partners to buy Sunoco for $5.3B PreMarketing bought $5.3 billion Texas pipeline firm buys Buy Billion Ethanol environmental mandates blamed Phila. refinery woes Carlyle Group discussing joint venture with talk Arrest made in robbery at gas station agrees pay Mass. $2.2M Report At least four bidders Discuss Philadelphia Refinery be sold Barnes & Noble Humana are market movers MarketWatch First Take ETP come grips fracking Deals Could Keep Coming Mergers Acquisitions Increase Delta Payless Shoe Source and real estate presence a shell of what it was

Energy Transfer Partners to buy Sunoco for $5.3B Energy Transfer Partners is buying Sunoco in a $5.3 billion deal that creates one of the more diverse pipeline companies in the country. Texas pipeline firm buys Sunoco Sunoco Inc. is being acquired for $5.3 billion by a Texas pipeline company, the latest turn in the dramatic transformation of the iconic 126-year-old Philadelphia oil business. Fitch Affirms Energy Transfer Partners, Sunoco Logistics, & Sunoco Inc on Acquisition Announcement Following the announced acquisition of Sunoco, Inc by Energy Transfer Partners, L.P. , Fitch Ratings has taken the following rating actions: affirmed the Issuer Default Rating for Energy Transfer Partners, L.P. Sunoco to be sold for $5.3 billion Sunoco Inc. will be sold to natural gas company Energy Transfer Partners in a deal valued at about $5.3 billion. Sunoco had been looking to exit the refining business prior to the deal.  Energy Transfer Partners to buy Sunoco for $5.35 billion (Reuters) - Pipeline operator Energy Transfer Partners LP said it would buy Sunoco Inc for $5.35 billion in stock and cash to get into the more lucrative crude oil transportation business as natural gas prices stay weak. The deal is the latest in a flurry of pipeline mergers spurred by development of shale oil and gas fields and master limited partnership (MLP) structures that have provided the ... Energy Transfer Partners Could Face A Bidding War For Sunoco On a Monday packed with merger action, Sunoco and Energy Transfer Partners (ETP) announced a merger agreement under which ETP would pay $5.3 billion for the crude oil logistics, retail, and pipeline company.  While the deal is set to close in the third or fourth quarter, analysts at Citi suggest a higher bid for Sunoco could spark a bidding war that would be detrimental to ETP's interests. Energy Transfer to Buy Sunoco for $5.3 Billion Energy Transfer agreed on Monday to buy the energy transportation and distribution company Sunoco for $5.3 billion, marking the latest deal in America's fast-expanding oil and natural gas industry. Energy Transfer Partners to Acquire Sunoco in $5.3 Billion Transaction Energy Transfer Partners, L.P. and Sunoco, Inc. today announced that they have entered into a definitive merger agreement whereby ETP will acquire Sunoco in a unit and cash transaction valued at $50.13 per share, or a total consideration of approximately $5.3 billion, based on ETP's closing price on April 27, 2012. Sunoco Deals Could Keep Coming Dont cancel those plans for Sunoco to sell its aging Philadelphia refineries. Kendall Law Group Investigates Sunoco Inc. Kendall Law Group, led by former federal judge Joe Kendall, is investigating Sunoco Inc. for shareholders in connection with the proposed acquisition by Energy Transfer Partners LP.
Key Words: sunoco

References:
http://www.twincities.com/news/ci_20512814/energy-transfer-partners-buy-sunoco-5-3b?source=rss
http://rss.cnn.com/~r/rss/magazines_fortune/~3/S0JQOknGXW0/
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http://www.buffalonews.com/city/police-courts/police-blotter/article817825.ece
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http://pixelhat.net/

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