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Energy Transfer Partners
ETP and Sunoco
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
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