Sunoco Completes Acquisition of NuStar Energy L.P. and Announces Quarterly Distribution Increase
Sunoco has successfully completed the acquisition of NuStar Energy L.P. The merger received approval from NuStar unitholders during a Special Meeting held on May 1, 2024. As of May 3, 2024, NuStar’s common units have ceased trading on the New York Stock Exchange. This strategic acquisition significantly bolsters Sunoco’s stability, credit profile, and financial foundation. …