Susser Petroleum Partners changes name to Sunoco; ticker changed to 'SUN'

Associated Press

Susser Petroleum Partners LP has changed its name to Sunoco LP.

The company said that its ticker symbol has also changed from "SUSP" to "SUN." The common units will start trading under the "SUN" ticker symbol on the New York Stock Exchange on Monday.

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The "SUN" ticker symbol was used on the NYSE for nearly 87 years until Sunoco Inc. was sold to Energy Transfer Partners LP in 2012, Sunoco CEO Bob Owens said in a statement. Energy Transfer Partners paid about $5.5 billion for Sunoco in 2012.

Energy Transfer Partners announced in April that it was buying Susser Holdings Corp. in an approximately $1.8 billion deal. The transaction gave Energy Transfer Partners ownership of the general partner interest and incentive distribution rights in Susser Petroleum Partners, about 11 million Susser Petroleum common units and Susser Holdings' retail operations.

Susser operates Stripes and Sac-N-Pac convenience stores in New Mexico, Oklahoma and Texas.