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Home Energy Transfer to Acquire WTG Midstream in a $3.25 Billion Transaction

The following content is a news release distributed by . The original news release may be found here.

Energy Transfer to Acquire WTG Midstream in a $3.25 Billion Transaction

DALLAS & MIDLAND, Texas--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) and WTG Midstream, LLC (WTG) announced today that the parties have entered into a definitive agreement pursuant to which Energy Transfer will acquire WTG Midstream Holdings LLC in a transaction valued at approximately $3.25 billion from affiliates of Stonepeak, the Davis Estate and Diamondback Energy, Inc. Consideration for the transaction will be comprised of $2.45 billion in cash and approximately 50.8 million newly issue...

Read the full news release here

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