Newtown Square-based Sunoco Logistics Partners LP — which owns refined oil and natural gas liquids pipelines parts of Pennsylvania — is acquiring Energy Transfer Partners in a $20 billion deal.
Sunoco Logistics (NYSE: SXL) is a major player in the midstream industry in the commonwealth, and Energy Transfer Partners (NYSE: ETP) is a Dallas-based natural gas company that also owns the company building the Dakota Access Pipeline. The deal calls for Energy Transfer Partners’ unitholders to get…
Source: bizjournals.com