Energy Transfer to acquire SemGroup in $5B deal

Energy Transfer announced Monday plans to purchase SemGroup Corp. (NYSE: SEMG) in a move that’s expected to increase the company’s scale and connectivity across multiple regions, in addition to allowing the combined company to pursue more commercial opportunities.

Energy Transfer (NYSE: ET), which is based in Dallas, will acquire SemGroup in a unit and cash transaction valued at $17 a share, or about $5 billion, including the assumption of debt, according to a news release.

With the deal, Energy…

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