Stifel Downgrades Energy Transfer Partners (ETP) to Hold Following Acquisition
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Sunoco Logistics Partners (SXL) to Acquire Energy Transfer Partners, L.P. (ETP) in Unit-for-Unit Deal
November 21, 2016 9:21 AM ESTSunoco 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 unitholder approval and other customary closing... More
