Sunoco Shares Drop After $760 Million Deal With Vitol Group

  • Deal includes terminal, gathering system and SunVit Pipeline
  • Texas shale basin’s low costs continue to appeal to producers

Sunoco Logistics Partners LP shares plunged the most since March after an announcement that it’s buying a Texas pipeline network to expand its position in one of the few places in the U.S. where oil producers are still eager to drill.

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