NUSTAR ENERGY L.P. MILWAUKEE, Jan. 22, 2024 /PRNewswire/ -- Ademi LLP is investigating NuStar (NYSE: NS) in connection with its transaction with Sunoco.
Click here to learn how to join https://www.ademilaw.com/case/nustar-energy-lp or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
In the transaction, NuStar unitholders will receive only 0.400 Sunoco common units for each NuStar common unit in an all-equity deal valued at $7.3 billion, including assumed debt. The transaction agreement unreasonably limits competing transactions for NuStar by imposing a significant penalty if NuStar accepts a competing bid. NuStar insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of NuStar's board of directors, and whether they are fulfilling their fiduciary duties to all unitholders.
If you own NuStar common units and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/nustar-energy-lp.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
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Guri Ademi
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SOURCE Ademi LLP
