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home / news releases / ET - Sunoco Merger With NuStar Is Transformative (Rating Upgrade)

ET - Sunoco Merger With NuStar Is Transformative (Rating Upgrade)

Energy Transfer LP

2024-01-24 05:50:42 ET

Summary

  • Sunoco is acquiring NuStar in a $7.3 billion deal, creating a more vertically integrated company with assets across the fuel value chain.
  • The deal is expected to result in at least $150 million in synergies within three years and $50 million in interest expense savings.
  • The combined company will trade at around 8.1x 2025 EBITDA based on my estimates.

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For further details see:

Sunoco Merger With NuStar Is Transformative (Rating Upgrade)
Stock Information
Company Name: Energy Transfer LP
Stock Symbol: ET
Market: NYSE
Website: energytransfer.com
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