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Before market open on Nov. 21, Sunoco Logistics and Energy Transfer Partners (ETP) announced a merger agreement wherein SXL will acquire ETP in a unit-for-unit transaction. The conversion rate of 1.5 ...
) drifted lower Tuesday following a 30% jump Monday morning after it rejected a $48 billion bid from Energy Transfer Equity (ETE ...
Management painted the rationale for the transaction as a way for the Energy Transfer family to more effectively compete and grow in an increasingly competitive midstream environment. The combined ...
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