Sunoco to be sold for $5.3 billion Sunoco Inc. will be sold to natural gas company Energy Transfer Partners in a deal valued at about $5.3 billion. Sunoco had been looking to exit the refining business prior to the deal. Texas pipeline firm buys Sunoco Sunoco Inc, the 126-year-old Philadelphia oil company that is in the process of exiting the refining business, is being acquired for $5.3 billion by Energy Transfer Partners, L.P. , a Dallas pipeline company. The two companies announced Monday they had entered into a definitive merger agreement in which ETP will acquire Sunoco for a combination of cash and stock for about $50.13 a share, or 29 ... Energy Transfer to Buy Sunoco for $5.3 Billion Energy Transfer agreed on Monday to buy the energy transportation and distribution company Sunoco for $5.3 billion, marking the latest deal in America's fast-expanding oil and natural gas industry. Energy Transfer Partners to buy Sunoco for $5.3 billion (Reuters) - Pipeline operator Energy Transfer Partners LP said it will buy Sunoco Inc for $5.3 billion in stock and cash to get into the more lucrative crude oil transportation business as natural gas prices stay weak. Oil and gas production from shale formations in the United States has surged over the past two years, creating a scramble to build infrastructure to get supplies to refining hubs ... DealBook: Energy Transfer to Buy Sunoco for $5.3 Billion Energy Transfer agreed to buy the energy transportation and distribution company Sunoco for $5.3 billion, marking the latest deal in America's fast-expanding oil and natural gas industry. Sunoco: S&P Intraday Gainer NEW YORK (TheStreet) --Sunoco was the best-performing stock in the S&P 500 on Monday morning. The S&P was falling 4.92 points, or 0.35%, to 1,398.44. Shares of Sunoco rose 20.07% Monday to $49.12. The petroleum refiner is being acquired by Energy Transfer Partners for for $5.3 billion, or $50.13 a share. ... Click to view a price quote on ^GSPC . Energy Transfer Partners to buy Sunoco for $5.3B Natural gas pipeline company Energy Transfer Partners is buying Sunoco in a deal valued at about $5.3 billion. Energy Transfer Partners to Acquire Sunoco in $5.3 Billion Transaction Energy Transfer Partners, L.P. and Sunoco, Inc. today announced that they have entered into a definitive merger agreement whereby ETP will acquire Sunoco in a unit and cash transaction valued at $50.13 per share, or a total consideration of approximately $5.3 billion, based on ETP's closing price on April 27, 2012. Energy Stocks: Sunoco's rally helps underpin energy stocks Sector benchmarks are mixed in the early going, as Sunoco draws buyers on acquisition agreement. Energy Transfer Partners Buys Sunoco Sunoco Inc, the 126-year-old Philadelphia oil company that is in the process of exiting the refining business, is being acquired for $5.3 billion by Energy Transfer Partners, L.P. , a Dallas pipeline company.
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