NuStar GP Holdings, LLC Unitholders Approve Merger with NuStar Energy L.P.

NuStar GP Holdings, LLC Unitholders Approve 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)
today announced that the NSH unitholders have approved the merger of NSH
with a wholly owned subsidiary of NS. Approximately ninety-eight percent
of the NSH units that voted were cast in favor of the merger,
representing approximately sixty-five percent of NSH’s total outstanding
units as of the record date.

NuStar expects the merger to be completed later today, resulting in NSH
unitholders being entitled to receive 0.55 of a common unit representing
a limited partner interest in NS (“NS common unit”) in exc…

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *