Energy Transfer Partners Could Face A Bidding War For Sunoco
- Tuesday, May 1, 2012, 23:51
- Market
- Add a comment
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.
http://www.forbes.com/sites/afontevecchia/2012/04/30/energy-transfer-partners-could-face-a-bidding-war-for-sunoco/
About the Author
admin123 has written 23518 stories on this site.
