Energy Transfer Just Agreed to Buy Vaquero Midstream for $2.6 Billion. Here's What It Means for Investors.
Energy Transfer (NYSE:ET) agreed to acquire Vaquero Midstream for $2.6 billion. The leading master limited partnership (MLP) will pay nearly $2 billion in cash and issue 33.3 million new units to fund the deal. The company expects the purchase to close in the fourth quarter. Here's a look at the deal and what it means for investors in the MLP . Image source: The Motley Fool. Continue reading