Sunoco LP (SUN) to Acquire NuStar Energy L.P. (NS) in Transaction Valued at $7.3 Billion
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Nasdaq futures drop over 2% on concerns over AI buildout costs, Fed rate outlook
- Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides
- Oil steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Spain's ex-transport minister sentenced to 24 years for corruption
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
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
