Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessNuStar Energy Shares Jump 15 percent on Sunoco’s $7.3 Billion Acquisition News

NuStar Energy Shares Jump 15 percent on Sunoco’s $7.3 Billion Acquisition News

Add to Favorite
Added to Favorite


Shares of NuStar Energy L.P. (NYSE:NS) surged over 15% intra-day today following the announcement of its acquisition by Sunoco LP (NYSE:SUN) in an all-equity transaction valued at $7.3 billion, inclusive of assumed debt.
Under the terms of the agreement, NuStar common unit holders will receive 0.400 shares of Sunoco for each common unit they hold. This exchange ratio represents a 24% premium based on the 30-day Volume Weighted Average Prices (VWAPs) of both companies as of January 19, 2024, and a 31% premium over NuStar’s last closing price.
The acquisition has received approval from both companies’ boards. They anticipate achieving at least $150 million in run-rate synergies by the third year following the deal’s closure.

Subscribe to get Latest News Updates

Latest News

You may like more
more