MLP M&A Monday: SUN Adding NuStar to Its Galaxy

Sunoco (SUN) plans to acquire fellow MLP NuStar Energy (NS) in an all-stock deal valued at $7.3 billion, including the assumption of debt. The transaction is expected to close in 2Q24 subject to typical conditions, including approval by NS unitholders. Transaction Details and Valuation NS unitholders would receive 0.4 common units of SUN for each [...] The post MLP M&A Monday: SUN Adding NuStar to Its Galaxy appeared first on ETF Trends .