Texas Pipeline Firm to Buy Sunoco for $5.3 Billion
Texas Pipeline Firm to Buy Sunoco. Energy Transfer Partners, L.P. is finalizing negotiations to acquire Sunoco for $5.3 billion. The Dallas-based pipeline firm will drop a combination of cash and stock to purchase Sunoco and its 4,900 retail outlets. The new owners intend to carry out the plan to get out of the oil refining business. [Inquirer]
Penn State’s New Coach in Philly. Bill O’Brien—the new head coach of the Penn State Nittany Lions football program—will be in Philadelphia today for the first part of his 18-stop, meet-and-greet bus tour. [Sports Illustrated]
Mayor’s Aide Gets Cryptic With Tweet. Mark McDonald—Mayor Nutter’s press secretary—tweeted “a hypothetical” question about ethics, seemingly in response to Ronnie Polaneczky’s latest column about the PPA. She responds with a Daily News column today. [Daily News]
UPDATE: The link is broken for today. We heard the piece runs tomorrow and was inadvertently published online today.
Allen Iverson’s Wife Files for Restraining Order. Tawanna Iverson has filed for a restraining order against The Answer, citing increasingly threatening and disturbing behavior. She also claims that the former Sixer is hiding money from her. [Daily News]
One-Year-Old Dies in Berks Farm Accident. A one-year-old is dead after being trapped underneath a soil mixer that was inadvertently turned on. Police are investigating. [6 ABC]
Students Robbed in Home Invasion Near Temple. Three masked men invaded a home on North Page Street near Temple last night and robbed five students of cash and electronics. One man is in custody after the incident, while police search for the other two suspects. [NBC Philadelphia]