News Release
NuStar GP Holdings, LLC Unitholders Approve Merger with NuStar Energy L.P.
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 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
a result of the merger completion, units of NSH will cease trading at
the close of business today. NS common units will continue to be traded
on the
“We are pleased that our unitholders voted in favor of approving the
merger,” said
About
This press release includes “forward-looking statements” as defined by the SEC. All statements, other than statements of historical fact, included herein that address activities, events or developments that NS expects, believes or anticipates will or may occur in the future, including the anticipated benefits and other aspects of the merger, are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the possibility that the anticipated benefits from the merger cannot be fully realized, the possibility that costs or difficulties related to integration of the two companies will be greater than expected, and the impact of competition and other risk factors included in the reports filed with the SEC by NS. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Except as required by law, NS does not intend to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180720005391/en/
Source:
NuStar Energy, L.P., San Antonio
Investors, Chris Russell,
Treasurer and Vice President Investor Relations
Investor Relations:
210-918-3507
or
Media, Mary Rose Brown, Executive Vice
President and Chief Administrative Officer,
Corporate
Communications: 210-918-2314
website: http://www.nustarenergy.com