Brief: Energy Transfer To Acquire Crestwood In A $7.1 Bln All-Equity Transaction

Crestwood Equity Partners LP

16/08/2023 13:15

Aug 16 (Reuters) - Crestwood Equity Partners LP
 CEQP.N :
    * ENERGY TRANSFER TO ACQUIRE CRESTWOOD IN A $7.1 BILLION
ALL-EQUITY TRANSACTION
    * ENERGY TRANSFER TO ACQUIRE CRESTWOOD IN A $7.1 BILLION
ALL-EQUITY TRANSACTION
    * ENERGY TRANSFER LP - DEAL EXPECTED TO BE IMMEDIATELY
ACCRETIVE
TO DCF PER UNIT UPON CLOSING
    * ENERGY TRANSFER LP - UNDER TERMS, CRESTWOOD COMMON
UNITHOLDERS
WILL RECEIVE 2.07 ENERGY TRANSFER COMMON UNITS FOR EACH
CRESTWOOD COMMON UNIT
    * ENERGY TRANSFER LP - TRANSACTION IS EXPECTED TO CLOSE IN
Q4 OF
2023

Source text for Eikon:  ID:nBw310cnLa 
Further company coverage:  CEQP.N 

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