Dallas pipeline operator Energy Transfer Partners LP said it would sell convenience stores owned by its subsidiary Sunoco Logistics Partners LP to Susser Petroleum Partners LP in a deal valued at about $768 million. Susser, a subsidiary of Sunoco, said it would change its name to Sunoco LP and its ticker symbol to "SUN" to align the partnership's name with that of Sunoco.Susser also agreed to purchase Honolulu, Hawaii-based Aloha Petroleum Ltd for about $240 million.Aloha is the largest independent gasoline marketer and one of the largest convenience store operators in Hawaii.Aloha currently markets through about 100 fuel stations throughout the state, about half of which are company operated.
Energy Transfer Partners, L.P. (ETP) is a limited partnership in the United States engaged in natural gas operations. Shares of ETP fell by 1.47% or $-0.89/share to $59.46. In the past year, the shares have traded as low as $50.60 and as high as $62.28. On average, 1371150 shares of ETP exchange hands on a given day and today's volume is recorded at 992710.
Susser Petroleum Partners LP is primarily engaged in fee-based wholesale distribution of motor fuels to Susser Holdings Corporation (SHC) and third parties. Shares of SUSP fell by 1.84% or $-0.98/share to $52.24. In the past year, the shares have traded as low as $30.05 and as high as $59.99. On average, 66722 shares of SUSP exchange hands on a given day and today's volume is recorded at 39881.
Sunoco Logistics Partners L.P. owns and operates a logistics business, consisting of a portfolio of complementary pipeline, terminalling, and acquisition and marketing assets which are used to facilitate the purchase and sale of crude oil and refined products. Shares of SXL fell by 0.46% or $-0.22/share to $47.36. In the past year, the shares have traded as low as $32.40 and as high as $51.45. On average, 463055 shares of SXL exchange hands on a given day and today's volume is recorded at 488115.
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