Announced
Financials
Sources
Tags
United States
Pending
Majority
Single Bidder
Public
Domestic
Friendly
pipeline operator
liquid terminal
Oil Equipment and Services
Acquisition
Synopsis
Sunoco, a master limited partnership with core operations that include the distribution of motor fuel, agreed to acquire NuStar Energy, an independent liquids terminal and pipeline operator, for $7.3bn. The transaction has been unanimously approved by the board of directors of both companies and is expected to close in the second quarter of 2024 upon the satisfaction of closing conditions.
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