Sunoco LP (NYSE:SUN) announces a share repurchase program. Under the program, the company will repurchase 17,286,859 Sunoco common units, for $540 million. The shares will be repurchased at a price of $31.2376 per share. These shares will be repurchased from Energy Transfer Partners, L.P. The program will be funded from cash on hand. The program will terminate on February 7, 2018.