Hints and tips:
...The tie-up would extend Seven & i’s push into the US after the $3.3bn purchase of parts of Sunoco’s convenience store and petrol station business in 2017....
...Aggressive M&A — including its $3.3bn purchase of parts of Sunoco’s convenience store and petrol station business in 2017 — has long driven Seven & i’s strategy in the US....
...Joy was thus unconfined among shareholders at Sunoco LP as the US energy partnership on Thursday sold most of its convenience store business to Japan’s 7-Eleven Inc for $3.3bn....
...Mr Isaka argued that the acquisition of Sunoco was too hard to turn down despite its cost, as the US remained “a market of large potential”....
...Japan’s Seven & i Holdings is continuing its US shopping spree, announcing it will buy parts of Sunoco’s convenience store and petrol station business for $3.3bn....
...“By acquiring part of Sun’s convenience store business and gasoline retail business, 7-Eleven Inc will expand its store network and offer greater convenience, while also improving profitability,” the Japanese...
...Other companies involved in the pipeline such as Sunoco Logistics, Enbridge Energy Partners, Philips 66 and Marathon Petroleum were classed as “severe” on the controversy assessment level....
...The numbers were made to add up by selling the Sunoco retail business to its affiliate Sunoco LP for $2.2bn, and by issuing units worth $1.1bn....
...ETP owns 100 per cent of the incentive distribution rights of Sunoco Logistics, which is separately quoted, and in Sunoco, which is separately quoted....
...Mr MacDonald has previously led turnrounds of Sunoco, another equipment rental company, and Isuzu Motors....
...Sunoco Logistics also has crude pipelines leading from west Texas. But production is now growing faster than pipeline capacity....
...Sunoco was advised by Credit Suisse....
...Energy Transfer Partners will buy Sunoco for $5.3bn, in another sign of the changes being brought by the boom in US oil production....
...The offer for Sunoco is roughly split between cash and future shares in ETP for Sunoco investors who will retain a 20 per cent stake in the company....
...For Sunoco Logistics, which has 4,900 miles of crude pipelines, profit in a business that buys and sells oil soared 281 per cent to $137m....
...Carlyle will take over the running of Sunoco’s Philadelphia oil refinery, which supplies a quarter of refining capacity on the East Coast....
...But after July, none of the petrol they sell will actually be made by Sunoco....
...Carlyle, the private equity group, is in exclusive talks with Sunoco to buy a 330,000 b/d refinery in the Philadelphia area....
...New York-listed oil refiner Sunoco, having closed a plant in New Jersey and idled one in Pennsylvania, has warned it could shut down its large 335,000 barrels a day Philadelphia refinery in July if no buyer...
...Shell’s loss was Sunoco’s gain....
...Lynn Laverty Elsenhans (Sunoco) 35. Olivia Lum (Hyflux) 36. Ines Kolmsee (SKW) 37. Kiran Mazumdar-Shaw (Biocon) 38. Anita Zucker (InterTech Group) 39. Debra Cafaro (Ventas) 40....
...Besides, in late 2011, several European refiners run by LyondellBasell and plants owned by ConocoPhillips and Sunoco in the US state of Pennsylvania also closed....
...Weak demand and high crude prices have already prompted Sunoco and ConocoPhillips to idle three refineries that represent more than half the capacity on the US east coast, which includes large metropolitan...
...Though the recruitment of lawyers from law school is not new – Sunoco, the oil group, did it in the 1980s, and Pfizer, the pharmaceutical company, has started taking a small number – IBM’s programme marks...
...Investors greeted the decision of oil company Sunoco to desert refining, closing its last two remaining facilities. Shares rose 2.2 per cent to $37.12....
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