Streamlined Sunoco To Be Bought By Energy Transfer Partners For $5.3 Billion

In a pattern we have seen over and over, just months after simplifying its business by spinning off Suncoke(SXC), Sunoco(SUN) will be purchased by Energy Transfer Partners(ETP) in a deal announced this morning. This combination will create one of the largest and most diversified energy partnerships in the country by expanding ETP’s geographic footprint and strengthening its presence…