Energy Transfer Partners sells convenience stores to Sunoco

Wed Jul 15, 2015 7:59am EDT
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July 15 (Reuters) - Pipeline company Energy Transfer Partners said it would sell convenience store operator Susser Holdings for about $1.94 billion to its unit Sunoco LP .

Sunoco will pay about $970 million in cash and issue about 22 million of its units valued at about $970 million as of Tuesday's close.

Susser operates convenience stores in Texas, New Mexico and Oklahoma under the Stripes brand. (Reporting by Amrutha Gayathri in Bengaluru; Editing by Don Sebastian)