Sunoco (SUN) announces it will sell off its refinery business and conduct a strategic review of...

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

Sunoco (SUN) announces it will sell off its refinery business and conduct a strategic review of the company to determine the best use of its stockpile of cash. If a deal can't be landed, the firm says it will idle two refineries as early as July 2012.