Natural gas pipeline operator Regency Energy Partners LP will purchase rival PVR Partners LP for $5.6 billion, including debt, giving it a foothold in the prolific Marcellus and Utica shale fields. The deal includes the assumption of $1.8 billion in debt, the companies said.
Regency Energy Partners LP (the Partnership) is engaged in the gathering and processing, contract compression, treating and transportation of natural gas and the transportation, fractionation and storage of natural gas liquids (NGLs). Shares of RGP remained unchanged at $27.83. In the past year, the shares have traded as low as $20.58 and as high as $29.52. On average, 424049 shares of RGP exchange hands on a given day and today's volume is recorded at 0.
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