Sunoco Acquired by Energy Transfer Partners in $5.3 Billion Deal

Energy Transfer Partners LP and Sunoco Inc. announced today that they have entered into a definitive merger agreement. Dallas-based ETP will acquire Sunoco in a 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).

Philadelphia-based Sunoco owns and operates pipeline, terminal and crude oil acquisition and marketing assets, including a network of approximately 4,900 retail locations in 23 states.

<<…>>