Energy Transfer Submits HSR Act Filing In Connection With WTG Acquisition
Summary
DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) announced that it recently submitted its premerger notification filing under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”) in connection with its previously announced acquisition of WTG Midstream Holdings LLC (WTG). In addition, Energy Transfer announced that the 20% interest in the BANGL pipeline, which was subject to a right of first offer, will not be included in the transaction. The addition of WTG assets is expected to provide Energy Transfer with increased access to growing supplies of natural gas and NGL volumes enhancing the partnership’s Permian operations and downstream businesses. Energy Transfer is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (“NGL”) and refined product transportation and terminalling assets; and NGL fractionation. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control.