Preliminary results of the elections made by Sunoco (SUN +1%) shareholders regarding the form of...

|About: Sunoco LP (SUN)|By:, SA News Editor

Preliminary results of the elections made by Sunoco (SUN +1%) shareholders regarding the form of merger consideration to be received in connection with Energy Transfer's (ETP +1.1%) pending acquisition show the cash consideration option was oversubscribed, as holders of nearly 74% of the stock elected that choice. The acquisition is expected to close Friday.