Proxy Advisory Firms Recommend Approval of NuStar Energy and NuStar GP Holdings Proposed Merger Transaction

Proxy Advisory Firms Recommend Approval of NuStar Energy and NuStar GP Holdings Proposed Merger Transaction

SAN ANTONIO–(BUSINESS WIRE)–Jul. 16, 2018–
NuStar Energy L.P. (NYSE: NS) (the “Partnership”) and NuStar GP
Holdings, LLC (NYSE: NSH) today announced that two leading proxy
advisory firms, Institutional Shareholder Services (ISS) and Glass Lewis
& Co., have recommended votes in favor of the proposed merger of NSH
with a wholly owned subsidiary of the Partnership through a
unit-for-unit exchange. The proposed merger will be considered at the
July 20, 2018 special meeting of NSH unitholders.

The proposed transaction, announced in February 2018, would result in
the cancellation of the 2% economic general partner intere…

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