Pipeline operator Energy Transfer Partners LP said it would purchase affiliate Regency Energy Partners LP in a deal valued at about $18 billion, including debt. Regency shareholders will receive 0.4066 of an Energy Transfer unit and 32 cents in cash for each Regency unit they own.
Energy Transfer Partners, L.P. (ETP) is a limited partnership in the United States engaged in natural gas operations. Shares of ETP remained unchanged at $65.34. In the past year, the shares have traded as low as $52.75 and as high as $69.66. On average, 1609820 shares of ETP exchange hands on a given day and today's volume is recorded at 2375.
Regency Energy Partners LP 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 $23.75. In the past year, the shares have traded as low as $20.45 and as high as $33.57. On average, 1756640 shares of RGP exchange hands on a given day and today's volume is recorded at 19712.
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