January, 23, 2012 [MarketWatch] - Sunoco, Inc. today completed the distribution to its shareholders of 56,660,000 shares of common stock of SunCoke Energy, Inc. owned by Sunoco.
After the completion of the distribution, Sunoco no longer owns any common stock of SunCoke. The distribution by Sunoco was made today, in the form of a pro rata common stock dividend, of its equity interest in SunCoke to all Sunoco shareholders of record on January 5, 2012.
Sunoco shareholders will receive 0.53046456 of a share of SunCoke common stock, in book-entry form, for every share of Sunoco common stock held as of the close of business on January 5, 2012. No fractional shares of SunCoke common stock were distributed. Instead, Sunoco shareholders will receive cash in lieu of any fraction of a share of SunCoke common stock that they otherwise would have received.
About Sunoco
Sunoco is a leading transportation fuel provider with a network of branded retail locations in 24 states. The company is also the General Partner of and has a 34 percent interest in Sunoco Logistics Partners, L.P. an owner and operator of pipelines and product terminals.
