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Wednesday, April 7, 2010 as of 11:14 AM ET

Southern Union

For the pipeline company, see Southern Union

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Related Topics

  1. Energy Transfer Equity
  2. Williams Cos.
  3. Kansas City Southern
  4. Plains All American Pipeline
  5. Progress Energy
  6. Icahn Enterprises
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Energy Transfer Partners To Buy Sunoco In $5.3 Billion Deal

Energy Transfer Partners L.

P. (ETP) agreed to acquire independent refiner Sunoco Inc. (SUN) in a $5.3 billion deal that would greatly expand the reach of Energy Transfer's pipeline system but could also saddle the company with aging refineries.Sunoco has been trying to sell itself since late 2011 after posting losses for much of the past two years because of high oil prices and decreasing fuel demand. Finding a buyer for the company and its aging refineries was considered a long-shot despite Sunoco's profitable logistics and retail businesses.Energy Transfer will gain 7,900 miles of crude oil and refined fuel pipelines from Sunoco Logistics Partners (SXL) master limited partnership and give it a toe-hold in the Marcellus and Utica shale regions, increasingly productive sources of oil and natural gas. Energy Transfer will also gain Sunoco's relatively successful chain of 4,900 gasoline stations that it could sell at a later date."You have to hand it to Sunoco," Morningstar analyst Jason...

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  1. Energy Transfer, Southern Union Reach $5.7 Billion Deal

    --Deal would create the largest U.S. natural gas pipeline operator--Bid trumps rival's offer by $100 million--Latest offer adds $1.5 billion to Energy Transfer's ope...

  2. Bernanke Remarks Sap Traders' Glee, Stocks Fall

    FOX Business: The Power to ProsperStocks shed morning gains and sunk into the red Thursday after Federal Reserve Chairman Ben Bernanke told lawmakers the central ban...

  3. WSJ: Twitter Privately Raising Hundreds of Millions of Dollars

    FBN’s Adam Shapiro on reports Twitter is raising money in a new round of financing.

  4. Stocks Stuck in Neutral After Five-Day Run

    FOX Business: The Power to ProsperWall Street took a breather after the best winning streak in two years as traders weighed fresh euro zone debt concerns and relativ...

  5. MARKET SNAPSHOT: U.S. Stocks Retreat After Best Week In Two Years

    NEW YORK (MarketWatch) -- U.S. stocks meandered Tuesday as Wall Street pondered a five-session winning stretch and a summer lull that had equities listing in either ...

  6. Energy Transfer Reaches $8.9B Deal With Southern Union

    Energy Transfer Equity (NYSE:ETE) raised its offer for Southern Union (NYSE:SUG) to $8.9 billion in stock and cash, thwarting rival bidder Williams Cos. (NYSE:WMB).T...

  7. Immucor to Be Acquired by TPG Capital for $2B

    FBN's Diane Macedo on Energy Transfer Equity raising its bid for Southern Union and Immucor Inc. agreeing to be acquired by TPG Capital for nearly $2B.

  8. Energy Transfer Equity Raises Bid for Southern Union

    FBN's Diane Macedo on world markets, U.S. stocks and Energy Transfer Equity's new bid for Southern Union .

  9. Energy Transfer raises offer for Southern Union

    NEW YORK (Reuters) - Pipeline operator Energy Transfer Equity LP <ETE.N> sweetened its deal for rival Southern Union <SUG.N> 21 percent to about $5 billion, as it wo...

  10. US Futures Kick Off in Green

    FBN's Diane Macedo with a world market update and a recap of last week's stocks.

  11. Energy Transfer Revises Deal To Buy Southern Union With Sweetened $8.9 Million Bid

    Energy Transfer Equity LP (ETE) agreed to takeover Southern Union Co. (SUG) in a $8.9 billion deal, topping an offer from rival suitor Williams Cos . (WMB), and subs...

  12. EU Fears Strike Wall Street; Dow Ends Week Lower

    FOX Business: The Power to ProsperAnxiety that the sovereign debt crisis that has hit Greece could spillover into other euro zone nations sapped traders' confidence,...

  1. Plains All American Withdraws Hostile Bid For SemGroup

    Plains withdraws $1 billion bid for rival pipeline and oil storage company-SemGroup had adopted "poison pill" strategy against bid-Takeover attempt was latest in bus...

  2. Energy Transfer Partners 4Q Profit Slips 8.9%; ETE Net Up 13%

    DOW JONES NEWSWIRESEnergy Transfer Partners LP's (ETP) fourth-quarter profit fell 8.9% as mild winter weather dragged on the natural-gas pipeline operator's propane ...

  3. Digesting Top Holdings of New Russell Small Cap ETF Strategies (SGGG, SCOG, SCLP, SCTR, LQDT, ULTA, AMN, SUG )

    Russell Investments is already very well-known among mutual fund and index investors, but it is getting deeper into the world of exchange-traded funds. Word came tod...

  4. Southern Union Reaffirms Deal With Energy Transfer

    --Southern Union affirms its deal to merge with Energy Transfer Equity--Williams spokesman: Company is evaluating its options--Winner of bidding war for Southern wou...

  5. Southern Union Spurns Williams Takeover Offer Of $44 A Share

    HOUSTON -( Dow Jones )- Southern Union Co. (SUG) reaffirmed Wednesday its decision to merge with Energy Transfer Equity LP (ETE), officially spurning the reiterated ...

  6. Williams Affirms $44-A-Share Offer For Southern Union

    --Williams promotes simplicity of, but does not raise, offer for Southern Union--Southern Union agreed to merger with Energy Transfer valued at $5.7 billion in June-...

  7. Williams CEO: Evaluating All Options In Bid War For Rival Southern Union

    HOUSTON -( Dow Jones )- Williams Cos . (WMB) Chief Executive Alan S. Armstrong said Tuesday that the pipeline owner continues to "evaluate all options" in its bid to...

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