Energy Transfer to acquire SemGroup in $5 billion deal

Energy Transfer LP has agreed to acquire SemGroup Corporation in a unit and cash transaction valued at $5 billion, including debt assumption, to enhance crude oil and NGL infrastructure and export capabilities.

“Energy Transfer LP today announced that it has entered into a definitive merger agreement whereby Energy Transfer will acquire SemGroup Corporation in a unit and cash transaction valued at $17 per share, or a total consideration including the assumption of debt of approximately $5 billion.”ir.energytransfer.com

• 3 sources
• ir.energytransfer.comEnergy Transfer to Acquire SemGroup in $5 Billion Transaction | Energy TransferSep 16, 2019
• news.alphastreet.comSemGroup’s stock jumps on deal with Energy Transfer - AlphastreetSep 16, 2019
• sec.govSemGroup Corp Form 8-K filed September 16, 2019Sep 16, 2019

Summarized from public sources; check the original articles before acting on it.