Crestwood Equity Partners shares are trading higher after the company announced that it entered into a definitive merger agreement with Energy Transfer in an all-equity transaction valued at approximately $7.1 billion.
Portfolio Pulse from Benzinga Newsdesk
Crestwood Equity Partners has entered into a definitive merger agreement with Energy Transfer in an all-equity transaction valued at approximately $7.1 billion. This has led to a rise in Crestwood's share prices.
August 16, 2023 | 6:33 pm
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POSITIVE IMPACT
Crestwood Equity Partners' shares are trading higher after the announcement of a merger agreement with Energy Transfer.
The announcement of the merger agreement with Energy Transfer has led to a positive market reaction, causing Crestwood's share prices to rise. This indicates investor confidence in the potential benefits of the merger.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100