Dallas-based fuel distribution giant Sunoco LP announced it intends to purchase pipeline and terminal company NuStar Energy in an all-equity transaction valued at approximately $7.3 billion.
Veteran Energy Attorney Dale Smith Joins Willkie’s Houston Office
Willkie Farr & Gallagher has added energy finance and transactions attorney Dale Smith as a partner in its Houston office.
Texas Assistant AG Joins Hunton AK’s Houston Office
Longtime environmental enforcement attorney David Terry has left the Texas Attorney General’s office for a position at Hunton Andrews Kurth in Houston.
Akin, V&E Lead Nearly $1B Deal Between 7-Eleven, Sunoco
7-Eleven Inc. has agreed to purchase 204 stores hat include the Stripes and Laredo Taco Company brands from Sunoco LP.
With locations primarily in New Mexico, Oklahoma and West Texas, the stores will join 7-Eleven’s more than 13,000-store portfolio. The purchase, valued at a reported $950 million, is the latest expansion for the convenience store giant.
Akin, led by Thomas Yang and Ashton Barrineau Butcher, advised 7-Eleven on the deal, while Vinson & Elkins team, steered by Lande Spottswood and Yong Eoh, advised Dallas-based master limited partnership Sunoco.
Latham, Jackson Walker Lead Mark Cuban’s $3.5B Sale of Mavs; Deal to Close This Week
On Wednesday, the NBA Board of Governors approved the majority stake sale from Mark Cuban to the families of Miriam Adelson, widow of casino magnate Sheldon Adelson, and Sivan and Patrick Dumont, who serves as president and COO of the casino company and is Adelson’s son-in-law. A Houston partner from Latham and Dallas lawyers from Jackson Walker played key roles in the deal.