Sunoco to Acquire NuStar Energy in Transaction Valued at $7.3 Billion
- Last Updated on January 23, 2024
- Midstream & Downstream Oil & Gas
Sunoco and NuStar Energy 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. 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 VWAP’s of
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