DALLAS, Dec. 5, 2017 /PRNewswire/ -- 7-Eleven, Inc.
("7-Eleven") and Sunoco LP (NYSE: SUN) ("Sunoco") are jointly
committed to closing the value-creating transaction. The companies
believe the transaction to be in the latter stages of the
regulatory approval process with the Federal Trade Commission.
Subject to completion of the regulatory process and customary
closing conditions, 7-Eleven and Sunoco expect closing to occur in
January 2018.
About Sunoco LP
Sunoco LP (NYSE: SUN) is a master limited partnership that
operates 1,346 convenience stores and retail fuel sites and
distributes motor fuel to 7,898 convenience stores, independent
dealers, commercial customers and distributors located in 30
states. Our parent -- Energy Transfer Equity, L.P. (NYSE: ETE) --
owns SUN's general partner and incentive distribution rights.
The information contained in this press release is available on
the Sunoco LP website at www.SunocoLP.com.
Forward-Looking Statements
This press release may include certain statements concerning
expectations for the future that are forward-looking statements as
defined by federal law, including statements with respect to SUN'S
ability to consummate the 7-Eleven transaction and/or the
timing of such transaction. Forward-looking statements may be
identified by the use of the words "anticipates," "expects,"
"intends," "plans," "should," "could," "would," "may," "will,"
"believes," "estimates," "potential," "opportunity,"
"value-creating," "designed," "predict," "seek," "ongoing,"
"increases" or "continue" and variations or similar expressions.
Such forward-looking statements are subject to a variety of known
and unknown risks, uncertainties, and other factors that are
difficult to predict and many of which are beyond management's
control. An extensive list of factors that can affect future
results are discussed in SUN's Annual Report on Form 10-K and
other documents filed from time to time with the Securities
and Exchange Commission. SUN undertakes no obligation to update or
revise any forward-looking statement to reflect new information or
events.
Contacts
Investors:
Scott Grischow, Senior Director –
Investor Relations and Treasury
(214) 840-5660, scott.grischow@sunoco.com
Derek Rabe, Senior Analyst –
Investor Relations and Finance
(214) 840-5553, derek.rabe@sunoco.com
Media:
Alyson Gomez, Director –
Communications
(469) 646-1758, alyson.gomez@sunoco.com
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SOURCE Sunoco LP