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Provider: Pechala's Reports

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Regency Energy Partners LP to acquire Eagle Rock’s Midstream business for about $1.3 bln

Monday, 23 Dec 2013 08:11am EST 

Regency Energy Partners LP:Plans to purchase Eagle Rock Energy Partners, L.P's midstream business.Says acquisition, valued at about $1.3 bln, will complement Regency`s core gathering and processing business, and when combined with the proposed acquisition of PVR Resources, will further diversify Regency`s basin exposure in the Texas Panhandle, East Texas and South Texas.Says eagle rock acquisition is expected to close in the second quarter of 2014, and is subject to the approval of Eagle Rock`s unitholders, Hart-Scott-Rodino Antitrust Improvements Act approval and other customary closing conditions. 

Company Quote

0.63 +2.72%
23 Jan 2015