BUZZ-Energy Transfer, Sunoco Logistics jump on deal to sell pipeline stake

Wed Aug 3, 2016 3:22pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

** Energy Transfer Partners and Sunoco Logistics Partners agree to sell 49 pct stake in the holding company that owns 75 pct of the Bakken Pipeline System

** Energy Transfer shares rises as much as 11.2 pct to 9-mth high; Sunoco Logistics rises as much as 7.5 pct

** Energy Transfer Partners to get $1.2 bln and Sunoco to get $800 mln from sale of the stake to a JV between Enbridge Inc and Marathon Petroleum Corp

** Marathon Petroleum shares down 1.6 pct and Enbridge flat

** Marathon Petroleum down 21 pct YTD, Enbridge up 22 pct, Energy Transfer up 26 pct and Sunoco up 16.5 pct