Energy Transfer LP (ET) and Enable Midstream Partners, LP (ENBL) have entered into a merger agreement whereby Energy Transfer will acquire Enable in an all-equity deal valued at approximately $7.2 billion. Enable common unitholders will receive 0.8595 ET common units for each Enable common unit. The deal will include a $10 million cash payment for Enable's general partner.

Create Account

Dark

chart

exchange

Check out our Dark Pool Levels

Energy Transfer LP (ET) and Enable Midstream Partners, LP (ENBL) have entered into a merger agreement whereby Energy Transfer will acquire Enable in an all-equity deal valued at approximately $7.2 billion. Enable common unitholders will receive 0.8595 ET common units for each Enable common unit. The deal will include a $10 million cash payment for Enable's general partner.

RTTNews | Feb 17, 2021 06:44AM EST

06:43 Wednesday, February 17, 2021 (RTTNews.com) - Energy Transfer LP (ET) and Enable Midstream Partners, LP (ENBL) have entered into a merger agreement whereby Energy Transfer will acquire Enable in an all-equity deal valued at approximately $7.2 billion. Enable common unitholders will receive 0.8595 ET common units for each Enable common unit. The deal will include a $10 million cash payment for Enable's general partner.

Energy Transfer expects the combined company to generate more than $100 million of annual run-rate cost and efficiency synergies, excluding potential financial and commercial synergies.

Read the original article on RTTNews ( https://www.rttnews.com/3170298/energy-transfer-to-acquire-enable-midstream-partners-in-all-equity-deal-quick-facts.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved