Apr. 28, 2014, 12:48 PM
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
Dec. 2, 2011, 1:04 PM
Susser Holdings (SUSS -2.5%) trades lower after pricing its public offering of 3.5 million shares at $21.75 per share. The company plans to use the net proceeds primarily for new store development and opportunistic debt reduction.| Dec. 2, 2011, 1:04 PM
Nov. 28, 2011, 5:14 PM
Texas convenience store owner Susser Holdings (SUSS) drops 3.7% AH after announcing plans to issue 3.5M shares, good for proceeds of $88M based on today's close. Susser plans to use the proceeds to boost its 2012 store expansion program.| Nov. 28, 2011, 5:14 PM