UBS Cuts Price Target on Sunoco (SUN) to $33; Reiterates Buy

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Go back to UBS Cuts Price Target on Sunoco (SUN) to $33; Reiterates Buy

Sunoco Logistics to Acquire Energy Transfer Partners

November 21, 2016 9:20 AM EST

Transaction Expected to be Immediately Accretive to SXL Distributable Cash Flow

NEWTOWN SQUARE, Pa. & DALLAS--(BUSINESS WIRE)-- Sunoco Logistics Partners L.P. (NYSE: SXL) and Energy Transfer Partners, L.P. (NYSE: ETP) today announced that they have entered into a merger agreement providing for the acquisition of ETP by SXL in a unit-for-unit transaction. The transaction was approved by the boards of directors and conflicts committees of both partnerships and is expected to close in the first quarter of 2017, subject to receipt of ETP... More