NuStar Energy and Sunoco agree to $7.3B merger, eyeing significant synergies
SAN ANTONIO – San Antonio-based pipeline and terminal operator NuStar Energy LP (NYSE: NS) has agreed to be acquired by Dallas-based fuel distributor Sunoco LP (NYSE: SUN) for $7.3 billion, NuStar announced. Sunoco will acquire NuStar in an all-stock transaction valued at approximately $7.3 billion, according to the announcement. NuStar shareholders will receive 0.4 Sunoco … Read more