Sunoco (SUN) and NuStar Energy (NS) announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, in connection with Sunoco’s pending acquisition of NuStar. A NuStar unitholder vote is scheduled for May 1. The transaction is expected to close shortly after unitholder approval. NuStar unitholders are anticipated to receive Sunoco’s distributions for Q1 following the closing of the transaction.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SUN:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue