Sunoco LP (NYSE: SUN)

Sunoco is having a strong start to the trading session this morning, and for good reason. It was announced early this morning that the company would be acquired. As a result, investor excitement ensued, leading to gains in the value of the stock and prompting our partners at Trade Ideas to alert us to the movement. Currently (8:13), SUN is trading at $25.31 per share after a gain of 6.08% thus far this morning.

SUN To Be Acquired By 7-Eleven

As mentioned above, Sunoco is having a strong time in the pre-market hours this morning after news was released that the company would be acquired. In this particular case, 7-Eleven will be purchasing the company for a record $3.3 billion in a bet on the United States economy. Of course, the deal is subject to customary closing conditions. Nonetheless, all in all, this is a big one that's likely to make its way through!

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What We'll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping an incredibly close eye on SUN. In particular, we'll be watching the deal with 7-Eleven to see if everything goes off without a hitch. We'll continue to follow the story closely and bring the news to you as it breaks!

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Hey everyone, I'm Joshua Rodriguez. I'm the founder of CNA Finance as well as several other sites. If you'd like to connect with me, follow me on or Twitter! I'd love to see ya there. Also, if you're looking for top quality content for your blog, news outlet, or any other website for that matter, please reach out to me at Info@CNAFin.com! Legal Disclaimer - CNA Finance is NOT an investment advisor. All investment decisions should be well thought out and made with the help of a an investment advisor. For our full legal disclaimer, please scroll to the bottom right of this page.

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