8-KRegulation FDOther EventsExhibits & Filings

Energy Transfer LP 8-K Report, Regulation FD Disclosure (Jun 16, 2011)

Filed June 16, 2011For Securities:ETET-PI

Summary

This Form 8-K from Energy Transfer Equity, L.P. (ETE) announces a significant corporate action: a definitive merger agreement to acquire Southern Union Company (SUG) for approximately $7.9 billion. This transaction includes approximately $3.7 billion of SUG's existing debt, with the remaining value paid to SUG stockholders in newly issued Series B Units of ETE, valued at $33.00 per share, totaling around $4.2 billion. Investors should note that this filing primarily serves as disclosure for the merger announcement and includes the joint press release and an investor presentation. The information provided is for informational purposes and is not deemed "filed" for certain regulatory purposes, meaning it doesn't carry the same liabilities as a formal filing. The key takeaway is the strategic expansion for ETE through this substantial acquisition.

Key Highlights

  • 1Energy Transfer Equity, L.P. (ETE) has entered into a definitive agreement to acquire Southern Union Company (SUG).
  • 2The total transaction value for the acquisition is approximately $7.9 billion.
  • 3This acquisition includes assuming approximately $3.7 billion of Southern Union's existing debt.
  • 4Southern Union stockholders will receive newly issued Series B Units of ETE, valued at $33.00 per share.
  • 5The total consideration for Southern Union stockholders is approximately $4.2 billion.
  • 6The filing includes a joint press release and an investor presentation detailing the merger, furnished as exhibits.
  • 7The information is provided under Regulation FD and is not considered "filed" for Section 18 of the Securities Exchange Act of 1934.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce Energy Transfer Equity, L.P.'s definitive merger agreement to acquire Southern Union Company and to furnish related documents, such as the joint press release and investor presentation, to the public.

The total acquisition value is approximately $7.9 billion. This includes the assumption of about $3.7 billion in Southern Union's debt and approximately $4.2 billion paid to Southern Union stockholders in the form of newly issued Series B Units of Energy Transfer Equity, valued at $33.00 per share.

The $33.00 per share value represents the newly issued Series B Units of Energy Transfer Equity that Southern Union stockholders will receive in exchange for their common shares as part of the merger transaction.

No, according to General Instruction B.2 of Form 8-K, the information in Item 7.01 and the attached exhibits are furnished and not deemed 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934. This means it's for public disclosure but may not carry the same legal liabilities as a formally filed document.