Articles > Business magazines > Trade magazines > Mergers & Acquisitions Report articles > September 2009

Article: Sunoco Divests Retail Heating Unit.(News)

Article from:
Mergers & Acquisitions Report
Article date:
September 7, 2009
Copyright

Byline: Avram Davis

Sunoco, Inc. will divest its retail heating oil and propane distribution unit, Sunoco Retail Heat, as the listed, Philadelphia, Pennsylvania-based petrochemicals company seeks to focus on petroleum production and distribution.

The buyer, Superior Plus Corp., will pay $82.5 million in cash for the retail distribution business. Formerly known as Superior Plus Income Fund, the Calgary-based holding company owns propane distribution, specialty chemicals, construction products, and energy services businesses.

The transaction is expected to close by the end of September 2009. Middle-market investment bank Harris Williams & Co. ...

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: Sunoco to Sell Retail Heating Oil and Propane ...
Wireless News;  September 7, 2009 ;     368 words ... ... Sunoco to Sell Retail Heating Oil and Propane ... to sell its retail heating oil and propane ... business to Superior Plus Corp. for ... operations made the retail heating oil business ... as they join Superior Plus." "We also ...

Article: Sunoco to Sell Retail Heating Oil and Propane ...
Energy Weekly News;  September 18, 2009 ;     700+ words ... ... agreement to sell its retail heating oil and propane distribution business to Superior Plus Corp. for $82.5 ... operations made the retail heating oil business a steady ... them well as they join Superior Plus." "We also thank ...

Article: Sunoco Completes Sale of Retail Heating Oil and ...
Energy Weekly News;  October 16, 2009 ;     700+ words ... ... announced sale of its retail heating oil and propane distribution business to Superior Plus Corp. for approximately ... operations made the retail heating oil business a steady ... them well as they join Superior Plus. We also thank the ...

Article: Canada : Sunoco to sell retail heating oil ...
TendersInfo;  September 3, 2009 ;     620 words ... ... manish03 U.S. oil refiner Sunoco Inc (SUN.N) said on Wednesday it would sell its retail heating oil and propane distribution business to Superior Plus Corp (SPB.TO) for $82.5 million in cash. The move to sell the retail business ...

Article: United States : Sunoco To Sell Retail Heating ...
TendersInfo;  September 3, 2009 ;     700+ words ... ... Wednesday to sell its retail heating oil and propane ... business to Canada's Superior Plus Corp. (SUUIF ... executive officer of Superior Plus, in a press release ... those products to Superior Plus. In 2008, Sunoco ...

Article: Canada : Sunoco divests heating oil and propane distribution ...
TendersInfo;  October 5, 2009 ;     547 words ... ... announced sale of its retail heating oil and propane distribution ... business holding company Superior Plus for approximately ... operations made the retail heating oil business a steady ... them well as they join Superior Plus. We also thank the ...

Article: UNited States : Superior Plus Announces Third ...
TendersInfo;  November 5, 2009 ;     610 words ... ... GES") that comprise a retail heating oil, propane and motor fuels ... to press release entitled "Superior Plus Announces Expansion of its US ... 2009, Superior acquired the retail heating oil and propane distribution ...

Article: Canada : Superior Plus Announces Expansion of its ...
TendersInfo;  September 3, 2009 ;     700+ words ...Byline: manish03 Superior Plus Corp. ("Superior") is pleased to announce that it has entered into an agreement to acquire certain assets which make up a retail heating oil and propane distribution business ("Sunoco Retail Heat ...

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives