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Article: Enterprise Announces Potential Combination Discussions.
- Article from:
- Energy Weekly News
- Article date:
- May 15, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Enterprise Products Partners L.P. (NYSE:EPD) announced that Enterprise has proposed to acquire all of the outstanding partnership interests of TEPPCO Partners L.P. (NYSE:TPP) ("TEPPCO"). The consideration proposed by Enterprise included 1.043 Enterprise common units for each issued and outstanding TEPPCO unit and cash equal to $1.00 per TEPPCO unit. Based on the current number of outstanding TEPPCO units, this consideration for TEPPCO units would consist of an aggregate of approximately 109.5 million Enterprise common units and $105 million in cash. This consideration would have represented $21.89 per unit, or a premium of approximately 4.8%, based on the 10-day average ...
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Article: Enterprise, TEPPCO and Oiltanking Plan Texas ...
Business Wire;
August 18, 2008 ;
700+ words
...HOUSTON -- Enterprise Products Partners ... NYSE:EPD), TEPPCO Partners, L ... contracts with Motiva Enterprises LLC and an affiliate ... executive officer of Enterprise. "This project ... should provide Enterprise with a new source ... general partner of TEPPCO said, "The deepwater ...
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