By The Associated Press
Wednesday, October 7, 2009
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.