One-Page Deal Sheet
Energy Transfer Acquires Southern Union Co.
Energy Transfer Equity, L.P. Southern Union Company
Announced Date
July 05,2011
Close Date
March 26,2012
Transaction Type
Corporate
Transaction Details: Require Private Equity Subscription
Energy Transfer Equity, and Southern Union Company announced that the two companies have entered into a definitive merger agreement whereby ETE will acquire Southern Union for $7.9 billion, including approximately $3.7 billion of existing SUG debt, creating the premier group of integrated midstream companies in the United States natural gas industry.
Under terms of the agreement, which has been unanimously approved by the Boards of Directors of both companies, stockholders of SUG will exchange their common shares for newly issued Series B Units of ETE with a value of $33.00 per share, or…
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