Enterprise Products Partners raised its offer to buy out the stake of Duncan Energy Partners that it does not own by 5 percent in a stock deal, valuing the midstream energy company at $2.53 billion. Enterprise Products' new offer for the 42 percent stake of Duncan it does not already own is now worth $43.82 a unit, 7.6 percent more than the stock's Thursday closing price of $43.39 on the New York Stock Exchange. In February, it had offered $42 a unit. Under the new terms, each Duncan unit will be swapped with 1.01 Enterprise Products units to bring together the companies about a year after the death of Texas pipeline billionaire and Enterprise Products co-founder Dan Duncan. Enterprise Products will now have to pay about $1.06 billion for Duncan, compared with the about $966 million that its offer was worth two months ago.
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