NuStar GP Holdings, LLC Completes Merger with NuStar Energy L.P.

NuStar GP Holdings, LLC Completes Merger with NuStar Energy L.P.

SAN ANTONIO–(BUSINESS WIRE)–Jul. 20, 2018–
NuStar GP Holdings, LLC (NYSE: NSH) and NuStar Energy L.P. (NYSE: NS)
have announced that the merger of NSH with a subsidiary of NS was
completed today.

Under the terms of the merger agreement, NSH unitholders are entitled to
receive 0.55 of a common unit representing a limited partner interest in
NS in exchange for each NSH unit owned at the effective time of the
merger. Cash will be paid to NSH unitholders in accordance with the
merger agreement in lieu of any fractional units they otherwise would
have been entitled to receive. As previously announced, the transaction


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