Sunoco LP to Acquire NuStar Energy L.P. in All-Equity Transaction Valued at $7.3 Billion
January 22, 2024
Sunoco LP and NuStar Energy L.P. entered into a definitive agreement under which Sunoco will acquire NuStar in an all-equity transaction valued at approximately $7.3 billion, including assumed debt. The deal is expected to close in Q2 2024 after satisfaction of customary closing conditions and approval by NuStar unitholders and regulators.
- Buyers
- Sunoco LP
- Targets
- NuStar Energy L.P.
- Industry
- Oil & Gas
- Location
- United States
- Transaction Type
- Buyout
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