Energy Transfer to acquire Vaquero Midstream in a $2.625 billion transaction
ET•Energy Transfer will acquire Vaquero Midstream for $2.625 billion, with consideration comprising $1.95 billion in cash and approximately 33.3 million newly issued common units; the deal is immediately accretive to distributable cash flow per common unit.
1. Transaction terms
Energy Transfer said it will acquire Vaquero Midstream in a $2.625 billion transaction. Consideration will consist of $1.95 billion in cash and approximately 33.3 million newly issued Energy Transfer common units, and the deal is immediately accretive to distributable cash flow per common unit.
