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ETP, EEP, DM: MLP Sector Mergers Continue in Third Quarter

Ruth King
ETP, EEP, DM: MLP Sector Mergers Continue in Third Quarter

There were quite a few MLP merger announcements in the third quarter. On August 1, Energy Transfer Partners (ETP) announced an agreement to merge with Energy Transfer Equity (ETE). The transaction is expected to close in Q4 2018. In September, Enbridge (ENB) announced agreements to acquire Enbridge Energy Partners (EEP), Enbridge Energy Management (EEQ), and Enbridge Income Fund Holdings (ENF). The merger was first proposed in May.