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Stock Market & Financial Investment News

News Breaks
June 11, 2014
16:27 EDTAPU, ETPAmeriGas files to sell 8.5M common units for holders
AmeriGas Partners (APU) announced that Heritage ETC, an affiliate of Energy Transfer Partners (ETP), has commenced a public underwritten offering, subject to market and other conditions, of 8.5M AmeriGas common units that it currently holds. Citigroup, Morgan Stanley, UBS Investment Bank, Barclays, Credit Suisse, Deutsche Bank Securities, Goldman Sachs & Co., J.P. Morgan, RBC Capital Markets and Wells Fargo Securities will act as joint book-running managers for the common units offering. Ladenburg Thalmann & Co. will act as co-manager for the common units offering.
News For APU;ETP From The Last 14 Days
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October 1, 2015
05:23 EDTETPPhillips 66, Energy Transfer, Sunoco Logistics begin open season for BBP
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September 28, 2015
07:10 EDTETPWilliams Partners announces termination of merger agreement with Williams
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07:07 EDTETPEnergy Transfer Equity sees Williams deal immediately accretive to cash flow
At closing, the transaction will be immediately accretive to distributable cash flow and distributions per unit for ETE and is expected to be credit positive to ETE's credit ratings; ETE's distribution growth rate is expected to remain at its current level; As a result of diligence, the size of both the expected cost savings and the anticipated commercial synergies exceeds ETE's previous expectations and will help ensure that the duration of ETE's distribution growth rate will be longer as a result of the transaction. There is no expected impact to WPZ's credit ratings as a result of the ETE/Williams combination; WPZ unitholders will have greater distributable cash flow from material cost savings and synergies of up to $400 million per annum with WPZ joining the Energy Transfer shared service model; the combination will create new commercial opportunities for WPZ, including the potential to acquire assets from the overall Energy Transfer group, that will improve WPZ's business outlook, cash flow growth and overall financial profile; WPZ unitholders will benefit from having a general partner, ETE, that, based on the unique intrinsic financial and strategic optionality in the Energy Transfer family, will be in a position to help WPZ fully realize its long-term growth potential; and WPZ will receive a $428 million break-up fee for the termination of its merger agreement with WMB payable to all outstanding limited partnership units of WPZ including WMB's approximate 60 percent ownership.
07:05 EDTETPWilliams Partners, Williams withdraw financial guidance
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September 22, 2015
17:27 EDTETPSunoco Logistics enters into Exchange Agreement with Energy Transfer Partners
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