This Slide: #7 of 100 |
Slide #7. Energy Transfer Partners — Susser Holdings
Acquirer:
Energy Transfer Partners (ETP)
Acquiree:
Susser Holdings (SUSS)
Details:
Energy Transfer Partners, L.P. (NYSE:ETP,b) today announced that it has entered into a definitive merger agreement whereby ETP plans to acquire Susser Holdings Corporation (NYSE:SUSS) in a unit and cash transaction valued at a total consideration of approximately $1.8 billion. By acquiring Susser Holdings, ETP will own the general partner (GP) interest and the incentive distribution rights (IDRs) in Susser Petroleum Partners LP (NYSE:SUSP), approximately 11 million SUSP common units (representing approximately 50.2 % of SUSP's outstanding units), and SUSS' existing retail operations, consisting of 630 convenience store locations.
Energy Transfer Partners is engaged in the gathering and processing, compression, treating and transportation of natural gas, focusing on providing midstream services in some natural gas producing regions in the U.S., including the Eagle Ford, Haynesville, Barnett, Fayetteville, Marcellus, Utica, Bone Spring and Avalon shales. Co. is engaged in intrastate transportation and storage natural gas operations that own and operate natural gas pipeline systems that are engaged in the business of purchasing, gathering, transporting, processing, and marketing natural gas and natural gas liquids in the states of Texas, Louisiana, New Mexico and West Virginia.
Preferreds: ETP.PRC, ETP.PRD, ETP.PRE
Open the ETP Page at The Online Investor »
Energy Transfer Partners is engaged in the gathering and processing, compression, treating and transportation of natural gas, focusing on providing midstream services in some natural gas producing regions in the U.S., including the Eagle Ford, Haynesville, Barnett, Fayetteville, Marcellus, Utica, Bone Spring and Avalon shales. Co. is engaged in intrastate transportation and storage natural gas operations that own and operate natural gas pipeline systems that are engaged in the business of purchasing, gathering, transporting, processing, and marketing natural gas and natural gas liquids in the states of Texas, Louisiana, New Mexico and West Virginia.
Preferreds: ETP.PRC, ETP.PRD, ETP.PRE
Open the SUSS Page at The Online Investor »
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