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Stock Market & Financial Investment News

News Breaks
June 18, 2012
08:19 EDTETE, ETP, SUG, SUN, SXLETE to drop down Southern Union assets into ETP-controlled entity
Energy Transfer Equity (ETE) and Energy Transfer Partners (ETP) announced that ETE plans to drop down its interest in Southern Union Company (SUG) into an ETP-controlled entity, which will also include assets to be acquired in the recently announced merger between Sunoco (SUN) and ETP. Concurrent with the closing of the Sunoco merger, ETE will contribute its interest in SUG into an ETP-controlled entity in exchange for a 60% equity interest in the new entity, to be called ETP Holdco Corporation. In conjunction with ETE’s contribution, ETP will contribute its interest in Sunoco to HoldCo and will retain a 40% equity interest in HoldCo. Prior to the contribution of Sunoco to HoldCo, Sunoco’s interests in Sunoco Logistics Partners (SXL) will be transferred to ETP. The transaction has been approved by the boards of directors of ETE’s general partner and ETP’s general partner and will not require the approval of Sunoco’s board. In addition, Energy Transfer has reviewed its plans with all three credit rating agencies and believes that the new structure enhances the overall credit profile of ETE, ETP and SUG and furthers ETP’s commitment to maintaining investment grade credit ratings. The transaction will not require ETE or ETP unitholder approval and no regulatory issues are expected.
News For ETE;ETP;SUG;SUN;SXL From The Last 14 Days
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July 30, 2014
07:02 EDTSUNDorian LPG sees demand in Asian markets for U.S. LPG growing
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July 24, 2014
16:48 EDTSXLSunoco Logistics increases quarterly dividend by 5% to 36.5c
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11:59 EDTETEEnergy Transfer Equity increases quarterly distribution by 5.9% to 38c
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11:57 EDTETPEnergy Transfer Partners increases cash distribution by 6.9% to 95.5c
Energy Transfer Partners announced that its board has approved a 2c increase in its quarterly distribution to 95.5c per ETP common unit for the quarter ended June 30. The quarterly distribution of 95.5c represents a distribution increase of 24.5c per common unit on an annualized basis, or 6.9%, compared to the second quarter of 2013 and represents an annualized distribution increase of 8c per common unit compared to 1Q14. The cash distribution will be paid on August 14, 2014 to unitholders of record as of the close of business on August 4, 2014.
July 16, 2014
10:35 EDTETPOptions with decreasing implied volatility
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