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NuStar Energy LP (NYSE:NS) shares are trading higher after Sunoco LP (NYSE:SUN) announced it will acquire the company in an all-equity transaction valued at roughly $7.3 billion.
As per the terms, NuStar’s common unitholders will receive 0.400 Sunoco common units for each share they hold, implying a 24% premium based on the 30-day VWAP’s of both NuStar and Sunoco as of January 19, ...
| Company Name: | Sunoco LP representing limited partner interests |
| Stock Symbol: | SUN |
| Market: | NYSE |
| Website: | sunocolp.com |
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