Acquisition | NUSTAR ENERGY LP | 3rd May 2024
Initially announced on January 22, 2024, SUNOCO LP and NUSTAR ENERGY LP jointly announced a definitive agreement for SUNOCO LP to acquire NUSTAR ENERGY LP. The merger is an all-stock transaction where NUSTAR shareholders will receive 0.4 shares of SUNOCO for each share held. NUSTAR ENERGY LP shareholders will vote to approve the Acquisition on May 1, 2024. The transaction is subsequently expected to close on May 3, 2024. Provided shareholders approve and customary closing conditions are met, NUSTAR ENERGY LP shares are expected to be halted effective May 3, 2024.