Tags: Sunoco Logistics to Buy Energy Transfer for 20 Billion

Sunoco Logistics to Buy Energy Transfer for $20 Billion

Image: Sunoco Logistics to Buy Energy Transfer for $20 Billion

Monday, 21 Nov 2016 11:37 AM

 

Sunoco Logistics Partners LP said on Monday it would buy Energy Transfer Partners LP in a deal valued at $19.93 billion.

Sunoco Logistics said ETP shareholders would get 1.5 Sunoco units for each ETP share they own, which works out to about $39.30 per share, a slight discount to the stock's Friday close of $39.37.

ETP owns about 21 pct of Sunoco Logistics, according to Thomson Reuters data.

Sunoco Logistics' general partner is a unit of ETP.
 

© 2017 Thomson/Reuters. All rights reserved.

   
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Sunoco Logistics Partners LP said on Monday it would buy Energy Transfer Partners LP in a deal valued at $19.93 billion.
Sunoco Logistics to Buy Energy Transfer for 20 Billion
77
2016-37-21
Monday, 21 Nov 2016 11:37 AM
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