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NuStar acquired by Sunoco for $7.3B, fate of SA-based company’s employees unclear

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The San Antonio-based independent pipeline and terminal operator and the Dallas-based fuels distributor have officially closed a $7.3 billion merger, NuStar announced today in a news release.

The San Antonio-based independent pipeline and terminal operator and the Dallas-based fuels distributor have officially closed a $7.3 billion merger, NuStar announced Friday in a news release.

Filings with the U.S. Securities and Exchange commission show the common units held by NuStar’s top executives have been converted into Sunoco common units. NuStar’s common units ceased trading on the New York Stock Exchange effective May 3. Changes to NuStar’s website are already underway. Clicking on the “Careers” tab on NuStar’s homepage will now direct viewers to the homepage of Sunoco LP.may opt to close NuStar’s San Antonio headquartersNuStar Chairman, President and CEO Brad Barron will join Sunoco’s board of directors, according to the merger agreement.

 

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