November 17, 2015 [Reuters] - Energy Transfer Partners LP said it would sell its 68.42 percent stake in convenience store operator Sunoco LLC to Sunoco LP for about $2.23 billion.
Sunoco LP will pay Energy Transfer Partners about $2.2 billion in cash and issue about 5.7 million common units.
Both Sunoco and Energy Transfer Partners are master-limited partnerships formed by pipeline operator Energy Transfer Equity LP.
