United States Motor Fuel Distributor Sunoco to Buy NuStar Energy in a in All-Equity Combined $7.3 Billion Transaction Representing 24% Premium of 30-Day Volume-Weighted Average Price
26th January 2024 | Hong Kong
United States motor fuel distributor Sunoco to buy NuStar Energy in an all-equity combined $7.3 billion transaction, representing 31.9% premium of 30-day Volume-Weighted Average Price (VWAP). NuStar Energy shareholders will receive 0.4 Sunoco shares for every NuStar Energy share. Sunoco has a current market value of $4.7 billion and NuStar Energy has a market value of $2.6 billion (25/1/24).
“ United States Motor Fuel Distributor Sunoco to Buy NuStar Energy in a in All-Equity Combined $7.3 Billion Transaction Representing 24% Premium of 30-Day Volume-Weighted Average Price “
United States Motor Fuel Distributor Sunoco to Buy NuStar Energy in a in All-Equity Combined $7.3 Billion Transaction Representing 24% Premium of 30-Day Volume-Weighted Average Price
About Sunoco
Sunoco LP (NYSE: SUN) 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. SUN’s general partner is owned by Energy Transfer LP (NYSE: ET).
About NuStar
NuStar Energy L.P. (NYSE: NS) is an independent liquids terminal and pipeline operator. NuStar currently has approximately 9,500 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia and specialty liquids. The partnership’s combined system has approximately 49 million barrels of storage capacity, and NuStar has operations in the United States and Mexico.
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