Tender more or less complete
Looks like SPH has received the appropriate participation in the exchange.
This means, barring any other issues, the NRGY/SPH transaction should be consumated.
SPH had to sweeten the offer with a .5% increase but it looks like it was enough.
The completion of this transaction should be worth another $1 or $2 boost at NRGY.
Now we need an accretive acquisition at NRGM in the near term to go along with the pipeline project.