Deal snapshot: ENERGY TRANSFER PARTNERS CLOSES REGENCY ENERGY ACQUISITION.
MANews-(C)2009-2015
US-based midstream energy companies Energy Transfer Partners, L.P. (NYSE: ETP) and Regency Energy Partners LP (NYSE: RGP) have closed the merger of an indirect subsidiary of ETP with and into Regency, with Regency surviving the merger as a wholly owned subsidiary of ETP, the companies said on Thursday. Under a January deal, Energy Transfer Partners and Regency Energy Partners LP (NYSE: RGP) agreed to merge in a unit-for-unit transaction, plus a one-time cash payment to Regency unit holders, that collectively implies a value for Regency of approximately 18.0bn, including the assumption of net debt and other liabilities of...
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