Energy
Transfer Partners LP, the Dallas based Fortune 500 natural gas company
which owns more than 17,500 miles of natural gas pipelines, has agreed
to buy Sunoco Inc. for $5.3 billion; a deal that will add oil terminals
and transportation assets to its portfolio. Darren Horowitz, an analyst
at Raymond James & Associates Inc. in Houston, said that the
takeover “opens the door for greater growth,” allowing Energy Transfer
to meet its goal of diversifying both the extent of the company’s
pipeline network and the products that…Read more...
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