Energy Transfer Partners Could Face A Bidding War For Sunoco |
| May 01, 2012 | May 2012 Bond Updates |
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On a Monday packed with merger action, Sunoco and Energy Transfer Partners (ETP) announced a merger agreement under which ETP would pay $5.3 billion for the crude oil logistics, retail, and pipeline company. While the deal is set to close in the third or fourth quarter, analysts at Citi suggest a higher bid for Sunoco could spark a bidding war that would be detrimental to ETP?s interests. |
| View more at: http://www.forbes.com/sites/afontevecchia/2012/04/30/energy-transfer-partners-could-face-a-bidding-war-for-sunoco/ |
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