NuStar Energy LP in its $7.3 billion all-equity sale to Sunoco LP

On January 22, 2024, Sunoco LP (NYSE: SUN) and NuStar Energy L.P. (NYSE: NS) announced that the parties have entered into a definitive agreement whereby Sunoco will acquire NuStar in an all-equity transaction valued at approximately $7.3 billion, including assumed debt.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to NuStar.