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Stock Market & Financial Investment News

News Breaks
November 8, 2012
14:41 EDTRDS.A, ETP, XOM, COPShell, Sunoco to pay $35M to settle groundwater lawsuit
New Hampshire Attorney General Michael Delaney announced that Shell Oil Company (RDS.A) and Sunoco, a unit of Energy Transfer Partners (ETP), will pay $35M to settle pending claims against the companies in a lawsuit initiated in 2003 against refiners and manufacturers of gasoline containing methyl tertiary butyl ether, or MTBE, who supplied New Hampshire with MTBE gasoline. Trial against the remaining defendants is scheduled to begin on January 7, 2013, the AG stated. The remaining defendants are Exxon/Mobil (XOM), Irving Oil, Citgo Petroleum, ConocoPhillips (COP), and Vitol S.A.
News For A;ETP;XOM;COP From The Last 14 Days
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September 2, 2014
07:08 EDTETPEnergy Transfer Partners reinstated with a Neutral at Credit Suisse
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August 29, 2014
09:26 EDTETPEnergy Transfer Partners, Susser Holdings announce completion of merger
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06:38 EDTCOP, XOMRising oil supplies pressuring prices, NY Times says
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August 28, 2014
12:55 EDTETPSusser Holdings shareholders approve merger with Energy Transfer Partners
Susser Holdings (SUSS) and Energy Transfer Partners (ETP) are pleased to announce that Susser Holdings' stockholders voted to approve the proposed merger with ETP at the special meeting of Susser stockholders. Approximately 99% of the shares voted at the meeting voted in favor of the adoption of the merger agreement, which represented approximately 77% of Susser's total outstanding shares of common stock as of the July 22 record date for the special meeting.
August 27, 2014
09:51 EDTCOPConocoPhillips management to meet with Oppenheimer
Meeting to be held in New York on September 3 hosted by Oppenheimer.
06:22 EDTXOMExxon division pays $1.4M to settle Louisiana spill claims, Reuters says
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August 26, 2014
08:03 EDTETPSusser, Energy Transfer Partners report preliminary merger consideration results
Susser Holdings (SUSS) and Energy Transfer Partners (ETP) announced the preliminary results of the elections made by Susser common stockholders regarding their preference as to the form of merger consideration to be received in Energy Transfer Partnersí pending acquisition of Susser. As previously announced on April 28, 2014, Susser Holdings Corporation entered into an Agreement and Plan of Merger with Energy Transfer Partners, L.P. and certain other parties thereto. Pursuant to the merger agreement, Susser stockholders were entitled to elect to receive, (i) a combination of $40.125 in cash and 0.7253 of an ETP common unit, (ii) $80.25 in cash (iii) 1.4506 ETP common units, for each share of Susser common stock they own immediately prior to the merger. The deadline for making this election was 5:00 p.m. Eastern Time on August 25, 2014. Based on available information as of the Election Deadline, the preliminary merger consideration election results are as follows: Holders of approximately 7% of the outstanding shares of Susser common stock, or 1,489,061 shares of common stock, elected the standard mix of consideration; Holders of approximately 1% of the outstanding shares of Susser common stock, or 264,840 shares of common stock, made a cash election; and Holders of approximately 85% of the outstanding shares of Susser common stock, or 18,576,197 shares of common stock, made a unit election. Holders of approximately 7% of the outstanding shares of Susser common stock, or 1,464,477 shares of common stock, failed to make a valid election prior to the Election Deadline and therefore are deemed to have elected the standard mix of consideration.

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