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home / news releases / ET - A Fair Deal Between Sunoco And NuStar Energy


ET - A Fair Deal Between Sunoco And NuStar Energy

2024-01-25 10:04:51 ET

Summary

  • Sunoco announces acquisition of NuStar Energy in a $7.3 billion all-equity deal, causing Sunoco's shares to drop and NuStar Energy's shares to rise.
  • The deal involves NuStar Energy shareholders receiving 0.400 of a share of Sunoco stock for each share they own.
  • The integration of the two companies is expected to result in $150 million worth of synergies and $50 million in annual savings from refinancing and paying off existing securities.

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For further details see:

A Fair Deal Between Sunoco And NuStar Energy
Stock Information

Company Name: Energy Transfer LP
Stock Symbol: ET
Market: NYSE
Website: energytransfer.com

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