Energy Transfer LP said Wednesday it would pay 2.07 common units for each unit of Crestwood Equity Partners LP in an all-equity deal valued at $7.1 billion, including the assumption of $3.3 billion of debt.
Based on Energy Transfer’s ET closing unit price of $12.56 per unit on Tuesday, the deal values Crestwood Equity Partners CEQP at about $26 per unit, in line with its closing price of $26.19 on Tuesday.
Energy…
