Sunoco LP to merge with NuStar Energy L.P. after NuStar Unitholders' Approval
05/01/24, 8:40 PM
Location
dallassan antonioIndustry
energy
oil and gas
renewable energy
oil and gas
energy
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.
Company Info
Location
Dallas, Texas, United States
Company info
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.