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Sunoco LP to merge with NuStar Energy L.P. after NuStar Unitholders' Approval

PUBLIC · SUNMay 01, 2024

Acquiring Company

Sunoco

Acquired Company

NuStar Energy L.P

DallasSan AntonioEnergyOil And GasEnergyOil And GasRenewable Energy

Description

Sunoco LP (NYSE: SUN) and NuStar Energy L.P. (NYSE: NS) announced the approval by NuStar unitholders of the previously announced merger, pursuant to which NuStar will merge with and into a merger subsidiary of Sunoco. The transaction is expected to close on or about May 3, 2024, subject to the satisfaction of customary closing conditions.

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Company Information

Company

Sunoco

Location

Dallas, Texas, United States

About

Sunoco LP is a master limited partnership with core operations that include the distribution of motor fuel to approximately 10,000 convenience stores, independent dealers, commercial customers, and distributors located in more than 40 U.S. states and territories as well as refined product transportation and terminalling assets in the U.S. and Europe. SUN's general partner is owned by Energy Transfer LP.

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Frequently asked

Who acquired NuStar Energy L.P?

NuStar Energy L.P was acquired by Sunoco, based in Dallas. The deal was reported on May 1, 2024. Sunoco is publicly traded (SUN) and operates in Energy.

When did Sunoco acquire NuStar Energy L.P?

Sunoco's acquisition of NuStar Energy L.P was reported on May 1, 2024. Sunoco LP (NYSE: SUN) and NuStar Energy L.P. (NYSE: NS) announced the approval by NuStar unitholders of the previously announced merger, pursuant to which NuStar will merge with and into a merger subsidiary of Sunoco. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does NuStar Energy L.P do?

NuStar Energy L.P. It is privately held, operating in Energy, and is based in San Antonio.

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