Susser Holdings Corporation (SUSS) - NYSE
SUSS is defunct.
  • Aug. 29, 2014, 2:58 PM
    • Energy Transfer Partners (ETP +0.2%) says it completed its deal to acquire Susser Holdings (NYSE:SUSS), which will ultimately bring the Stripes and Sunoco convenience stores under the same umbrella.
    • ETP gains ownership of more than 640 convenience stores in Texas, New Mexico and Oklahoma; geographically, the deal compliments ETP's earlier acquisition of Sunoco, which has a major presence in the eastern and southeastern U.S.
    | Aug. 29, 2014, 2:58 PM | 7 Comments
  • Apr. 28, 2014, 7:18 AM
    • Under terms of the deal - unanimously approved by both boards - Susser (SUSS) owners can received either $80.25 in cash for 1.4506 ETP units for each share of Susser they own. Susser closed at $57.03 on Friday.
    • Susser currently operates 630 retail convenience stores (Stripes) across Texas, New Mexico, and Oklahoma.
    • Energy Transfer already has agreement from Susser shareholders representing 10% of the company to exchange their SUSS shares for ETP shares.
    • Overall synergies between Stripes and Sunoco are expected to exceed $70M annually, and be realized within 6-12 months post-closing.
    • CC at 8 ET
    | Apr. 28, 2014, 7:18 AM | 1 Comment
Company Description
Susser Holdings Corp together with its subsidiaries, operates convenience stores and distributes motor fuels in Texas, New Mexico, and Oklahoma. It operates through two segments, Retail and Wholesale.
Sector: Services
Industry: Grocery Stores
Country: United States