Crestwood Unitholders Approve Energy Transfer Transaction; The Transaction Is Expected To Close On November 3, 2023
Portfolio Pulse from Benzinga Newsdesk
Crestwood Equity Partners LP (CEQP) announced that its unitholders have approved the previously announced transaction with Energy Transfer LP. The transaction is expected to close on November 3, 2023. Upon completion, Crestwood common unitholders will receive 2.07 Energy Transfer common units for each Crestwood common unit they own.
October 30, 2023 | 8:50 pm
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POSITIVE IMPACT
Crestwood's unitholders have approved the transaction with Energy Transfer, which is expected to close on November 3, 2023. This could potentially enhance the value for Crestwood unitholders.
The approval of the transaction by Crestwood's unitholders indicates a positive sentiment towards the deal. This, combined with the potential value enhancement for Crestwood unitholders, could potentially have a positive impact on Crestwood's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100