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Prodigal Sunoco

30 April 2012 By Richard Beales, Agnes T. Crane

The 23 pct premium from Energy Transfer Partners doesn’t at first sight look huge. But given Sunoco’s unfinished turnaround, the $5.3 bln sale at a higher price than shareholders have seen in years is evidence of a well-timed leap onto the industry’s partnership M&A bandwagon.

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