Energy Transfer and Sunoco Announce Results from Sunoco Special Meeting of Shareholders
Energy Transfer Partners (NYSE: ETP) and Sunoco (NYSE: SUN)
today announced that, at Sunoco's special meeting of shareholders held
on October 4, 2012 (the “Special Meeting”), Sunoco's shareholders
approved the merger of Sunoco with a wholly owned subsidiary of ETP
pursuant to the previously announced Agreement and Plan of Merger. ETP
and Sunoco expect to close the merger effective October 5, 2012.
Shareholders owning a total of 69,613,600 shares voted at the Special
Meeting, representing approximately 66% of the shares of Sunoco's common
stock outstanding as of the record date for the Special Meeting.
Ninety-seven percent (97.0%) of those voting approved the merger
transaction. In addition, the holders of a majority of the votes cast at