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Stock Market & Financial Investment News

News Breaks
September 19, 2013
08:02 EDTSUN, CBIChicago Bridge & Iron awarded $50M contract by Sunoco
CB&I (CBI) has been awarded a contract valued in excess of $50M by Sunoco (SUN) Partners Marketing and Terminals L.P. CB&I will provide engineering, procurement, construction and pre-commissioning for two large low-temperature liquefied propane and butane tanks for Sunoco Logistics' Mariner South project in Nederland, Texas.
News For CBI;SUN From The Last 14 Days
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August 19, 2015
08:02 EDTCBIChicago Bridge & Iron awarded $60M contract with U.S. Army Corps of Engineers
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August 18, 2015
17:09 EDTSUNSunoco to purchase fuel distribution business for $57M
Sunoco announced that one of its wholly owned subsidiaries has entered into an agreement to purchase a wholesale motor fuel distribution business serving the Northeastern U.S. for approximately $57M plus the value of inventory on hand at the time of closing. The business distributes approximately 55M gallons a year of branded and unbranded gasolines, including Sunoco-branded fuels. As part of the transaction, SUN's subsidiary will also acquire 30 fee and leased properties as well as supply contracts with dealer-owned and operated sites. The transaction is expected to close in the Q4, subject to customary closing conditions, and will be funded using amounts available under SUN's revolving credit facility.

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