Energy Transfer To Acquire Crestwood In All-Equity Transaction Valued At $7.1B
Portfolio Pulse from Benzinga Newsdesk
Energy Transfer (ET) has announced plans to acquire Crestwood Equity Partners (CEQP) in an all-equity transaction valued at $7.1 billion.
August 16, 2023 | 12:01 pm
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POSITIVE IMPACT
Crestwood Equity Partners is being acquired by Energy Transfer in a deal valued at $7.1 billion.
The acquisition of Crestwood Equity Partners by Energy Transfer could potentially lead to a rise in Crestwood's stock price due to the high valuation of the deal. This could increase investor confidence in Crestwood.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Energy Transfer's acquisition of Crestwood Equity Partners could potentially strengthen its position in the energy sector.
The acquisition of Crestwood Equity Partners by Energy Transfer could potentially strengthen its position in the energy sector by expanding its assets and operations. This could lead to increased investor confidence and a potential rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100