Energy Transfer Partners, L.P. Common Unitholders Approve Merger with Energy Transfer Equity, L.P.
Combined partnership’s common units to trade under ticker symbol “ET”
Approximately 98.2% of the total ETP common units that were voted at the special meeting voted in favor of the merger. With a quorum voting, the Merger Agreement and merger were approved and adopted by the common unitholders.
The merger is expected to close on
About the Partnerships
This press release includes “forward-looking” statements.
Forward-looking statements are identified as any statement that does not
relate strictly to historical or current facts. Statements using words
such as “anticipate,” “believe,” “intend,” “project,” “plan,” “expect,”
“continue,” “estimate,” “goal,” “forecast,” “may” or similar expressions
help identify forward-looking statements. ETE and ETP cannot give any
assurance that expectations and projections about future events will
prove to be correct. Forward-looking statements are subject to a variety
of risks, uncertainties and assumptions. These risks and uncertainties
include the risks that the proposed transaction may not be consummated
or the benefits contemplated therefrom may not be realized. Additional
risks include: the satisfaction of the other conditions to the
consummation of the merger, the potential impact of the consummation of
the proposed transaction on relationships, including with employees,
suppliers, customers, competitors and credit rating agencies, and the
ability to achieve revenue, DCF and EBITDA growth, and volatility in the
price of oil, natural gas, and natural gas liquids. Actual results and
outcomes may differ materially from those expressed in such
forward-looking statements. These and other risks and uncertainties are
discussed in more detail in filings made by ETE and ETP with the
No Offer or Solicitation
This communication is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, in any jurisdiction, pursuant to the proposed merger or otherwise, nor shall there be any sale, issuance, exchange or transfer of securities referred to in this document in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
The information contained in this press release is available on our website at energytransfer.com.
Energy Transfer Equity, L.P.
Bill Baerg, Lyndsay Hannah, Brent Ratliff, 214-981-0795
Vicki Granado, 214-840-5820