Energy Transfer Equity (NYSE: ETE) will pay approximately $4.11
billion to acquire rival pipeline operator Southern Union Co. (NYSE: SUG). Shares of Energy Transfer soared $2.72 to $45.19 while Southern Union stock leaped $4.99 to $33.25.
Energy Transfer To Pay $4.11 Billion For Southern Union
June 16, 2011 at 13:54 PM EDT