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Energy Transfer Partners Buys Energy Transfer Equity Unit Stake

Energy Transfer Partners LP (ETP) agreed to acquire Energy Transfer Equity LP's (ETE) stake in ETP Holdco Corp. through a $3.75 billion cash and stock deal that will help simplify the companies' structures.Energy Transfer Partners and Energy Transfer Equity are affiliated master limited partnerships that have been focusing their business on natural-gas pipelines as a supply glut prompts producers to look for more ways to ship the fuel to markets.Energy Transfer Equity closed its $3.7 billion deal for Southern Union Group in March 2012, while Energy Transfer Partners completed its roughly $5.3 billion acquisition of Sunoco Inc. in October. The companies formed ETP Holdco in 2012 to own the equity interests in Southern Union and Sunoco.The companies said Energy Transfer Equity will receive $1.4 billion in cash and $2.35 billion of Energy Transfer Partners units. The deal is expected to close in the second quarter.Energy Transfer Equity, which owns the general partner and incentive distri...

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    FBN’s Adam Shapiro on reports Twitter is raising money in a new round of financing.

  2. Energy Transfer Reaches $8.9B Deal With Southern Union

    Energy Transfer Equity (NYSE:ETE) raised its offer for Southern Union (NYSE:SUG) to $8.9 billion in stock and cash, thwarting rival bidder Williams Cos. (NYSE:WMB).T...

  3. Immucor to Be Acquired by TPG Capital for $2B

    FBN's Diane Macedo on Energy Transfer Equity raising its bid for Southern Union and Immucor Inc. agreeing to be acquired by TPG Capital for nearly $2B.

  4. Energy Transfer Equity Raises Bid for Southern Union

    FBN's Diane Macedo on world markets, U.S. stocks and Energy Transfer Equity's new bid for Southern Union .

  5. Energy Transfer raises offer for Southern Union

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    FBN's Diane Macedo with a world market update and a recap of last week's stocks.

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  9. Williams Makes $4.9B Bid for Southern Union

    Williams Cos. (NYSE: WMB) on Thursday made an unsolicited competing offer of $4.9 billion for Southern Union Co.  (NYSE: SUG), already a takeover target by Energy Tr...

  10. Wall Street Climbs as Traders Mull Data, Greek Debt

    FOX Business: The Power to ProsperThe markets were in the green as traders weighed a flurry of news on the Greek debt situation and mixed economic data. Today's Mark...

  11. Energy Transfer Unveils $4.1 Billion Bid for Southern Union

    Pipeline operator Energy Transfer (NYSE:ETE) swooped in on Thursday to buy Southern Union (NYSE:SUG) for $4.11 billion, placing a 17% premium on the smaller rival.Th...

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  1. Regency Energy Agrees to Buy Southern Union for $1.5 Billion

    Regency Energy Partners LP (RGP) has agreed to buy Southern Union Gathering Co. from Energy Transfer Equity L.P. (ETE) and Energy Transfer Partners L.P. (ETP) for $1...

  2. Laclede Paying $1 Bln For Two Utility Firms

    The Laclede Group Inc. said Monday it'll buy Missouri Gas Energy and New England Gas Co. from Energy Transfer Equity L.P. and Energy Transfer Partners LP in a deal v...

  3. Energy Transfer Partners To Buy Sunoco In $5.3 Billion Deal

    Energy Transfer Partners L.P. (ETP) agreed to acquire independent refiner Sunoco Inc. (SUN) in a $5.3 billion deal that would greatly expand the reach of Energy Tran...

  4. Plains All American Withdraws Hostile Bid For SemGroup

    Plains withdraws $1 billion bid for rival pipeline and oil storage company-SemGroup had adopted "poison pill" strategy against bid-Takeover attempt was latest in bus...

  5. Energy Transfer Partners 4Q Profit Slips 8.9%; ETE Net Up 13%

    DOW JONES NEWSWIRESEnergy Transfer Partners LP's (ETP) fourth-quarter profit fell 8.9% as mild winter weather dragged on the natural-gas pipeline operator's propane ...

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    Russell Investments is already very well-known among mutual fund and index investors, but it is getting deeper into the world of exchange-traded funds. Word came tod...

  7. Bernanke Remarks Sap Traders' Glee, Stocks Fall

    FOX Business: The Power to ProsperStocks shed morning gains and sunk into the red Thursday after Federal Reserve Chairman Ben Bernanke told lawmakers the central ban...

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