BUZZ-Energy Transfer rises on $3.25 bln deal to acquire WTG Midstream

Reuters
2024.05.28 13:06
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** Shares of pipeline operator Energy Transfermarginally rise to $15.51 premarket** Co to buy WTG Midstream Holdings from Stonepeak, the Davis Estate and Diamondback Energyfor $3.25 billion** Deal will comprise $2.45 billion in cash and about 50.80 million newly issued ET common units** Deal is expected to close in Q3 2024** Shares of FANG up 1.4% at $196.07 premarket** Up to last close, ET is up 11.9% YTD

** Shares of pipeline operator Energy Transfer (ET.N) marginally rise to $15.51 premarket

** Co to buy WTG Midstream Holdings from Stonepeak, the Davis Estate and Diamondback Energy (FANG.O) for $3.25 billion

** Deal will comprise $2.45 billion in cash and about 50.80 million newly issued ET common units

** Deal is expected to close in Q3 2024

** Shares of FANG up 1.4% at $196.07 premarket

** Up to last close, ET is up 11.9% YTD

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