Energy transfer to acquire wtg midstream in a $3.25 billion transaction

Dallas & midland, texas--(business wire)--energy transfer lp (nyse: et) and wtg midstream, llc (wtg) announced today that the parties have entered into a definitive agreement pursuant to which energy transfer will acquire wtg midstream holdings llc in a transaction valued at approximately $3.25 billion from affiliates of stonepeak, the davis estate and diamondback energy, inc. consideration for the transaction will be comprised of $2.45 billion in cash and approximately 50.8 million newly issue.
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