Sunoco LP (SUN) to Acquire NuStar Energy L.P. (NS) in Transaction Valued at $7.3 Billion
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Sunoco LP to Acquire NuStar Energy L.P. in Transaction Valued at $7.3 Billion
January 22, 2024 7:45 AM ESTDALLAS--(BUSINESS WIRE)-- Sunoco LP (NYSE: SUN) (Sunoco or the Partnership) and NuStar Energy L.P. (NYSE: NS) (NuStar) announced today that the parties have entered into a definitive agreement whereby Sunoco will acquire NuStar in an all-equity transaction valued at approximately $7.3 billion, including assumed debt.
Transaction Details
Under the terms of the agreement, NuStar common unitholders will receive 0.400 Sunoco common units for each NuStar common unit, implying a 24% premium based on the 30-day VWAPs of both NuStar and Sunoco as of January 19, 2024. Sunoco has... More
