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Sunoco Inc. (SUN)

  • Mon, Mar. 23, 11:18 AM
  • Sep. 26, 2014, 8:31 AM
  • Oct. 2, 2012, 12:52 PM
    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.
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  • Jun. 14, 2012, 12:17 PM
    Carlyle Group (CG) is closing in on a deal to purchase Sunoco's (SUN) 330K bbl/day oil refinery in Philadelphia, CNBC's Kate Kelly reports. The exclusivity deal SUN and Carlyle signed in April is set to expire this Friday if a deal can’t be reached. If Carlyle does buy SunPhilly, the plant "will likely come on the cheap," according to the report.
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  • May 15, 2012, 6:20 PM
    Energy Transfer Partners (ETP) could fetch up to $1.8B for the 4,900 gasoline stations it acquired when it agreed to buy Sunoco (SUN) last month in a $5.3B deal, Raymond James analysts say. Possible buyers include Marathon Petroleum (MPC), Alimentation Couche-Tard (ANCUF.PK) and retail operator Global Partners (GLP).
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  • Apr. 30, 2012, 6:36 PM
    All Energy Transfer (ETP) really wants from Sunoco (SUN) is its pipeline system and access to the lucrative Marcellus and Utica shales, which means more deals could be ahead. ETP appears to want no part of Sunoco's 4,900 retail outlets or its refining business, so SUN is continuing its plans for exiting the business, as well as talks with Carlyle about a potential JV.
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  • Apr. 30, 2012, 3:12 PM
    Sunoco (SUN +19.6%) continues to lead all S&P gainers after its acquisition by Energy Transfer Partners (ETP +2.9%). ETP is most enamored with SUN's stakes in Sunoco Logistics (SXL -1.3%) and its network of refined product pipelines, terminals and trucks; ETP is paying plenty for the general partner interest in SXL, but it's a bargain vs. KMI's recent deal for EP.
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  • Apr. 30, 2012, 7:59 AM
    More on Energy Transfer (ETP) / Sunoco (SUN) M&A: Sunoco shines 20% premarket to $49.03, nearing ETP's offer of $50.13 a share, which represents a 29% premium to Sunoco's 20-day average closing price as of Friday. The deal will expand ETP's footprint, and strengthen its crude and other transportation, terminalling and logistics ops.  (PR)
  • Apr. 30, 2012, 6:48 AM
    Energy Transfer Partners (ETP) will buy Sunoco (SUN) for $5.3B in stock and cash. (PR)
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  • Apr. 18, 2012, 3:19 AM
    Carlyle Group is reportedly in talks to buy Sunoco's (SUN) 335K bpd refinery in Philadelphia.
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Company Description
Sunoco LP is engaged in fee-based wholesale distribution of motor fuels to Susser & third parties. It is also engaged in retail sale of motor fuel. It operates in regions including Texas, Oklahoma, Louisiana, Kansas, Maryland, Virginia,Georgia& Hawaii.