Current SXL Stock Info

Continuing the recent trend of multibillion-dollar mergers in the midstream sector, Sunoco Logistics Partners L.P. (ticker: SXL) and Energy Transfer Partners, L.P. (ticker: ETP) announced that they have entered into a merger agreement in which Sunoco will acquire ETP in a unit-for-unit transaction worth $20 billion.

CEO Kelcy Warren is seeking to merge the two pipeline arms of his Energy Transfer group in order to simplify the number of publicly traded businesses. Philadelphia-based Sunoco will acquire Dallas-based Energy Transfer Partners, ...

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