Energy transfer to acquire crestwood in a $7.1 billion all-equity transaction

Dallas & houston--(business wire)--energy transfer lp (nyse: et) (“energy transfer”) and crestwood equity partners lp (nyse: ceqp) (“crestwood”) announced today that the parties have entered into a definitive merger agreement pursuant to which energy transfer will acquire crestwood in an all-equity transaction valued at approximately $7.1 billion, including the assumption of $3.3 billion of debt, based on the closing price on august 15, 2023. under the terms of the agreement, crestwood common u.
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