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Tuesday, November 19, 2013

BRIEF-Energy Transfer Partners announces agreement for unit to purchase Trunkline LNG, (NYSE: ETP)

Energy Transfer Partners LP : * Announced agreement for unit to purchase trunkline lng co llc, which owns a regasification facility in lake charles, Louisiana * Says deal in exchange for the redemption of 18.71 million etp units held byete * Purchase price of about $1 billion; deal expected to close in early February,2014 but will be effective as of January 1, 2014 * Source text for Eikon * Further company coverage

Energy Transfer Partners, L.P. (ETP) is a limited partnership in the United States engaged in natural gas operations. Shares of ETP fell by 1.32% or $-0.7/share to $52.29. In the past year, the shares have traded as low as $42.00 and as high as $54.85. On average, 904263 shares of ETP exchange hands on a given day and today's volume is recorded at 824999.