Sunoco (SUN) volatility low into Energy Transfer purchase for $5.3B

Sunoco (NYSE: SUN) is being acquired by Energy Transfer (NYSE: ETP) in a unit and cash transaction valued at $50.13 per share, or a total consideration of approximately $5.3B. SUN overall option implied volatility of 23 is below its 26-week average of 30 according to Track Data, suggesting decreasing price movement.

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