Brief: Energy Transfer Equity To Acquire Energy Transfer Partners

USA Compression Partners LP (Texas)

01/08/2018 23:54

Aug 1 (Reuters) - Energy Transfer Equity LP  ETE.N :
    * ENERGY TRANSFER EQUITY TO ACQUIRE ENERGY TRANSFER PARTNERS
IN
SIMPLIFICATION TRANSACTION
    * ENERGY TRANSFER EQUITY-UNDER TERMS OF DEAL,ETP UNITHOLDERS
(OTHER THAN ETE,ITS SUBSIDIARIES) WILL RECEIVE 1.28 COMMON UNITS
OF ETE FOR EACH COMMON UNIT OF ETP THEY OWN
    * ENERGY TRANSFER EQUITY LP-ENTERED INTO A DEFINITIVE
AGREEMENT
PROVIDING FOR MERGER OF ETP WITH A WHOLLY-OWNED SUBSIDIARY OF
ETE IN A UNIT-FOR-UNIT EXCHANGE
    * ENERGY TRANSFER EQUITY-TRANSACTION WAS APPROVED BY BOARDS
OF
DIRECTORS AND CONFLICTS COMMITTEES OF BOTH PARTNERSHIPS

Source text for Eikon:  urn:newsml:reuters.com:*:nBw5T7LbRa
Further company coverage:  ETE.N 

 ((Reuters.Briefs@thomsonreuters.com;))