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Energy Transfer Partners, NYSE: Sunoco, Inc.

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Energy Transfer Partners, L.P. (NYSE: ETP) and Sunoco, Inc. (NYSE: SUN) announced on April 30, 2012 that they had entered into a definitive merger agreement whereby ETP would 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 Transfer Partners, L.P. is one of the largest publicly traded master limited partnerships in the U.S. in terms of equity market capitalization. It is managed and owned by Energy Transfer Equity, L.P., also a publicly traded master limited partnership. The primary activities that ETP is engaged includes: 1) Natural gas operations that includes natural gas midstream and intrastate natural gas transportation and storage. 2) Liquids operations that includes natural gas liquid transportation, storage and fractionation services. 3). Product and crude oil operations which including products and crude oil transportation, terminal facilitate services, and retail marketing of gasoline and middle distillates. …show more content…

The firm’s business including supplying Sunoco branded fuel to commercial customers, corner stores and fuel dealers. The firm also owns about 850 convenience stores and fuel stations. The firm distributes fuel in about 30 states and its major customers are from east Mississippi River. Sunoco LP owns more than 700 corner stores in Texas, New Mexico and Oklahoma and those stores are operated under the name of stripes. 430 of these stores offer restaurant service that sells Mexican food under the name of Laredo Taco Company. The company also owns 45 retailing stores in Hawaii. Sunoco’s key executive officers initially included Sam L. Susser, Robert W. Owens and Rocky B.

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