$7.3 Billion Power Move: The Midstream Phoenix Rising from Retail Ashes
There is really big news in the midstream space. Yesterday, Sunoco LP and NuStar Energy L.P. 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. About 12 years ago, Sunoco sold off the last of its refineries and essentially self-liquidated into a […]
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