Energy Transfer Partners köper upp Sunoco Inc. (SUN) med en 29% premie beräknat på de senaste 20 dagarnas medelvärde av stängningskursen.
Det bolag som jag har i portföljen som högavkastare är Sunoco Logistics Partner (SXL). Sunoco Inc. (SUN) äger 32.4% av Sunoco Logistics Partner (SXL) och SXL kommer att fortsätta handlas som ett separat bolag på NYSE. Uppköpet av SUN kan nog dock smitta av sig en del på SXL så kanske är det lite rallyvarning i SXL idag (ja kanske inte med tsx-v-junior-mått mätt, men väl som högavkastare-mått mätt).
Energy Transfer Partners to Acquire Sunoco in $5.3 Billion Transaction
"Energy Transfer Partners, L.P. (NYSE: ETP - News) and Sunoco, Inc. (NYSE: SUN - News) today announced that they have entered into a definitive merger agreement whereby ETP will acquire Sunoco in a unit and cash transaction valued at $50.13 per share, or a total consideration of approximately $5.3 billion, based on ETP’s closing price on April 27, 2012. This combination will create one of the largest and most diversified energy partnerships in the country by expanding ETP’s geographic footprint and strengthening its presence in the transportation, terminalling and logistics of crude oil, NGLs and refined products.
The merger consideration, which consists of $25 in cash and 0.5245 of an ETP common unit, or approximately 50 percent cash and 50 percent ETP common units, represents a 29 percent premium to the 20-day average closing price of Sunoco shares as of April 27, 2012. By acquiring Sunoco, ETP will also own Sunoco’s general partner interest and the incentive distribution rights (IDRs) in Sunoco Logistics Partners (NYSE: SXL - News), as well as Sunoco’s 32.4 percent interest in Sunoco Logistics Partners’ limited partner units and Sunoco’s branded retail business, which generates additional stable cash flows from a portfolio of approximately 4,900 retail locations in the U.S.
Sunoco Logistics Partners will continue to be traded on the NYSE as a separate publicly traded MLP."