Sunoco LP (SUN) and NuStar Energy L.P. (NS) have announced the approval by NuStar unitholders of a merger with Sunoco. Approximately 69% of the outstanding common units of NuStar voted in favor of the transaction. The merger is expected to close on or about May 3, 2024, with NuStar unitholders receiving 0.400 of a Sunoco common unit for each NuStar common unit.
Sunoco LP (NYSE: SUN) and NuStar Energy L.P. (NYSE: NS) have received approval from NuStar unitholders for their merger. Approximately 69% of NuStar's outstanding common units voted in favor of the transaction. The merger is expected to close on or about May 3, 2024.
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