ETP To Buy Sunoco For $5.3 Billion

Sunoco Inc. (NYSE:SUN) is to be purchased by Energy Transfer Partners LP (NYSE:ETP) for a fee of $5.3 billion. The deal will mean $50.13 per share for stock holders. That price is a large return for shareholders. The price will be an incentive for the company's owners to close the deal. The move has to be approved by both shareholders and regulators before it can be closed. That is expected to take until December later this year. The deal, announced earlier today, is one of many recent acquisitions in the oil and gas industry as the sector expands.

The...