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Energy Transfer to Acquire Enable Midstream for $7.2 Billion

Energy Transfer to Acquire Enable Midstream for $7.2 Billion

Energy Transfer (NYSE: ET) has agreed to acquire Enable Midstream Partners (NYSE: ENBL) in an all-equity transaction valued at $7.2 billion. The deal will enhance the master limited partnership's (MLP) midstream infrastructure footprint throughout the mid-continent and Gulf Coast regions. Energy Transfer is offering 0.8595 of its units for each unit of Enable Midstream, implying an at-the-market transaction with no deal premium.