Energy Transfer Partners to buy Sunoco for $5.3 billion
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Energy Transfer Partners to buy Sunoco for $5.3 billion

www.reuters.com   | 30.04.2012.

(Reuters) - Pipeline operator Energy Transfer Partners LP said it will buy Sunoco Inc for $5.3 billion in stock and cash as part of its plan to bulk up presence in the transportation of crude oil, natural gas liquids and refined products.
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Sunoco shareholders will receive $50.13 per share, a 22.5 percent premium over the stock's Friday close of $40.91 on the New York Stock Exchange.

(Reporting by Swetha Gopinath in Bangalore; Editing by Sriraj Kalluvila)


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