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Sunoco Inc. (SUN) Leaped To A New High On Merger News

Sunoco Inc. (SUN: Quote) announced Monday morning that it agreed to be acquired by Energy Transfer Partners (ETP: Quote) in a unit and cash transaction valued at $50.13 per share, or approximately $5.3 billion.

Sunoco gapped open dramatically higher Monday, but traded in a narrow range throughout the session. The stock closed up by 8.38 at $49.29 on the highest volume of the year. Sunoco leaped to a new high for the year.

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by RTT Staff Writer

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