Enterprise Products: $1.92B Teppco notes tendered

Posted In: Energy

By The Associated Press

Wednesday, October 7, 2009


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Pipeline operator Enterprise Products Partners LP said Wednesday that $1.92 billion of Teppco Partners LP notes had by tendered by Tuesday, a step in the plan to acquire Teppco in a deal valued at about $3.3 billion.

Oct. 6 was the early consent date for the notes.

The deal, announced in June, will form the nation's largest publicly traded energy partnership.

Shares of Enterprise fell 16 cents to $28.41 in midday trading while Teppco shares fell 23 cents to $35.01.

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