{"id":630905,"date":"2024-01-23T09:56:36","date_gmt":"2024-01-23T04:26:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=630905"},"modified":"2024-01-23T10:31:36","modified_gmt":"2024-01-23T05:01:36","slug":"sunoco-to-buy-nustar-energy-in-7-3-bn-deal-as-it-expands-midstream-biz","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sunoco-to-buy-nustar-energy-in-7-3-bn-deal-as-it-expands-midstream-biz\/","title":{"rendered":"Sunoco to buy NuStar Energy in $7.3 bn deal as it expands midstream biz"},"content":{"rendered":"<p>Sunoco said on Monday it would acquire fuels storage and pipeline operator NuStar Energy in a deal valued at about $7.3 billion including debt, as it tries to diversify its core business beyond distribution of motor fuels. <\/p>\n<p>The equity portion of the deal comes up to $2.99 billion, and NuStar&#8217;s shareholders stand to receive 0.400 of a Sunoco share for each NuStar unit they hold, valuing Sunoco&#8217;s shares at $23.78. That represents a premium of 31.9% to NuStar&#8217;s last closing price.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sunoco said on Monday it would acquire fuels storage and pipeline operator NuStar Energy in a deal valued at about $7.3 billion including debt, as it tries to diversify its core business beyond distribution of motor fuels. The equity portion of the deal comes up to $2.99 billion, and NuStar&#8217;s shareholders stand to receive 0.400 of a Sunoco share for each NuStar unit they hold, valuing Sunoco&#8217;s shares at $23.78. That represents a premium of 31.9% to NuStar&#8217;s last closing price.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-630905","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/630905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=630905"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/630905\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=630905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=630905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=630905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}