Energy Transfer Submits HSR Act Filing In Connection With WTG Acquisition [Yahoo! Finance]
ENVIRONMENTAL TECTONICS (ETC)
Company Research
Source: Yahoo! Finance
submitted its premerger notification filing under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act") in connection with its previously announced acquisition of WTG Midstream Holdings LLC (WTG). In addition, Energy Transfer announced that the 20% interest in the BANGL pipeline, which was subject to a right of first offer, will not be included in the transaction. As a result, the purchase price for WTG has been revised to approximately $3.075 billion. Energy Transfer continues to expect accretion of $0.04 per common unit in 2025, increasing to $0.07 per common unit in 2027. Energy Transfer continues to expect the transaction to close in the third quarter of 2024, subject to receiving HSR Act clearance and customary closing conditions. WTG owns and operates the largest private Permian Basin gas gathering and processing business with assets located in the core of the Midland Basin. The addition of WTG assets is expected to provide Energy Transfer with increased
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