The largest U.S. independent oil refiner Sunoco, Inc. (SUN) stock price rose sharply by 20.48% in the regular trading on Monday, as it was previously reported that U.S. pipeline operator Energy Transfer Partners LP (ETP) has agreed to pay $5.3 billion to acquire Sunoco.
Promoted by the strong performance of SUN stock price, the energy stocks generally advanced. The energy sector rose about 1.68% and the S&P 500 index rose about 0.52%.
Among these energy stocks, Transportadora de Gas del (TGS) stock price surged 8.00%, Willbros Group (WG) stock price climbed up 6.72%, Tesco Corporation (TESO) moved up 6.59% and Quicksilver Resources (KWK) gained 6.09%.
Also read: Promoted by the news, both ETP and SUN stock prices advanced Monday.