Energy Transfer Partners

Leading Independent Proxy Advisory Firm ISS Recommends Crestwood Unitholders Vote “FOR” the Transaction with Energy Transfer

Retrieved on: 
Wednesday, October 18, 2023
Oil, Gas, Energy, Transfer, Registration statement, Suite, Sale, Register, NYSE, Main Street, Form, Institutional Shareholder Services, Pacific Equity Partners, Transaction, AS, Growth, ANY, Prospectus, Webcast, Energy Transfer Partners, Annual report, ISS, MLP, Communication, Security (finance), Cryptocurrency

Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) today announced that leading independent proxy advisory firm Institutional Shareholder Services (“ISS”) recommends that unitholders vote “FOR” the pending transaction (the “Transaction”) with Energy Transfer LP (NYSE: ET) (“Energy Transfer”) at the special meeting of unitholders scheduled to be held on October 30, 2023.

Key Points: 
  • Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) today announced that leading independent proxy advisory firm Institutional Shareholder Services (“ISS”) recommends that unitholders vote “FOR” the pending transaction (the “Transaction”) with Energy Transfer LP (NYSE: ET) (“Energy Transfer”) at the special meeting of unitholders scheduled to be held on October 30, 2023.
  • On balance, support for the transaction is warranted.”
    Crestwood issued the following statement:
    “We are pleased that ISS supports the Board’s unanimous recommendation that unitholders vote “FOR” the Transaction with Energy Transfer.
  • The special meeting of Crestwood unitholders will be held via webcast on October 30, 2023, at 9:00 A.M. Central Time.
  • Crestwood unitholders of record of September 22, 2023, are entitled to vote at, or in advance of, the special meeting.

Crestwood Announces Extension of its Previously Announced Consent Solicitation

Retrieved on: 
Wednesday, October 18, 2023
Oil, Gas, Natural Resources, Energy, Mining, Minerals, Other Energy, Transfer, Suite, LE, Depository Trust & Clearing Corporation, AS, Restatement of the Law of Agency, Third, Tripura Merger Agreement, Energy Transfer Partners, Plan, Expiration date, BofA Securities, Person, Registration statement, Sale, Register, Statement, Solicitation, Form, Limited partnership, ANY, Bank, Main Street, Broker, Consent, Communication, NYSE, Eastern Time Zone, CUSIP, Expiration, Information, HCI Equity Partners, Convention to propose amendments to the United States Constitution, Prospectus, Annual report, Publishing, Property management, Security (finance), Amendment, Mergers and acquisitions

Preferred Holders who have previously delivered consents in connection with the Consent Solicitation do not need to redeliver such consents or take any other action in response to this announcement in order to consent to the Consent Solicitation.

Key Points: 
  • Preferred Holders who have previously delivered consents in connection with the Consent Solicitation do not need to redeliver such consents or take any other action in response to this announcement in order to consent to the Consent Solicitation.
  • The Consent Solicitation is being made in accordance with the terms and subject to the conditions set forth in Crestwood’s Consent Solicitation Statement, dated September 27, 2023 (the “Statement”).
  • Crestwood reserves the right to modify the Statement and the terms and conditions of the Consent Solicitation or to terminate the Consent Solicitation at any time.
  • In connection with the Consent Solicitation, the Statement has been, and certain other documents relating to the Consent Solicitation may be, filed by Crestwood with the U.S. Securities and Exchange Commission (the “SEC”).

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ESTE, SMMF, BHRB, CEQP

Retrieved on: 
Sunday, October 8, 2023
Permian, Transfer, NYSE, Fraud, Energy, Advertising, Petroleum & Resources Corporation, Burke, Sale, Energy Transfer Partners, Security (finance)

If you are an Earthstone shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are an Earthstone shareholder, click here to learn more about your rights and options .
  • Summit Financial Group, Inc. (NASDAQ: SMMF)’s sale to Burke & Herbert Financial Services Corp. for 0.5043 shares of Burke & Herbert common stock for each share of Summit common stock.
  • If you are a Summit shareholder, click here to learn more about your rights and options .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

Crestwood Announces Quarterly and Special Distributions

Retrieved on: 
Thursday, October 12, 2023
Energy, Other Energy, Oil, Gas, Transfer, HCI Equity Partners, NYSE, Registration statement, AS, Communication, Prospectus, Treasury regulations, Transaction, Form, ANY, Annual report, Main Street, Register, Suite, Sale, Energy Transfer Partners, Cryptocurrency, Security (finance)

In addition, Crestwood announced a quarterly cash distribution of $0.2111 per preferred unit ($0.8444 annually).

Key Points: 
  • In addition, Crestwood announced a quarterly cash distribution of $0.2111 per preferred unit ($0.8444 annually).
  • Both common and preferred distributions will be made on October 31, 2023, to unitholders of record as of October 23, 2023.
  • Crestwood investors are encouraged to visit www.votecrestwood.com for additional information about Crestwood’s Transaction with Energy Transfer, including transaction benefits and unitholder voting information in advance of the October 30th special meeting of unitholders.
  • Nominees, and not Crestwood, are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of non-U.S. investors.

Energy Transfer Announces Third Quarter 2023 Earnings Release and Earnings Call Timing

Retrieved on: 
Tuesday, October 10, 2023
Oil, Gas, Energy, Transfer, Partnership, Sunoco, NYSE, USAC, Transport, SUN, NGL, Energy Transfer Partners, Propane, LP

Energy Transfer LP (NYSE: ET) today announced that it plans to release earnings for the third quarter of 2023 on Wednesday, November 1, 2023, after the market closes.

Key Points: 
  • Energy Transfer LP (NYSE: ET) today announced that it plans to release earnings for the third quarter of 2023 on Wednesday, November 1, 2023, after the market closes.
  • The conference call will be broadcast live via an internet webcast, which can be accessed on Energy Transfer’s website at energytransfer.com .
  • The call will also be available for replay on Energy Transfer’s website for a limited time.
  • Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with nearly 125,000 miles of pipeline and associated energy infrastructure.

Energy Transfer LP Announces Pricing of $4.0 Billion of Senior Notes

Retrieved on: 
Tuesday, October 10, 2023
Oil, Gas, Energy, Transfer, Partnership, Sunoco, NYSE, The Women on the 6th Floor, 1221 Avenue of the Americas, USAC, Transport, SUN, NGL, Sale, Energy Transfer Partners, Petroleum, LP

Energy Transfer LP owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with nearly 125,000 miles of pipeline and associated energy infrastructure.

Key Points: 
  • Energy Transfer LP owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with nearly 125,000 miles of pipeline and associated energy infrastructure.
  • Energy Transfer’s strategic network spans 41 states with assets in all of the major U.S. production basins.
  • Energy Transfer is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (“NGL”) and refined product transportation and terminalling assets; and NGL fractionation.
  • Energy Transfer also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and approximately 34% of the outstanding common units of Sunoco LP (NYSE: SUN), and the general partner interests and approximately 47% of the outstanding common units of USA Compression Partners, LP (NYSE: USAC).

CRESTWOOD EQUITY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Crestwood Equity Partners LP - CEQP

Retrieved on: 
Friday, October 6, 2023
Professional Services, Other Energy, Oil, Gas, Legal, Energy, Class Action Lawsuit, Transfer, Energy Transfer Partners, NYSE, KSF, Sale

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Crestwood Equity Partners LP (NYSE: CEQP) to Energy Transfer LP (NYSE: ET).

Key Points: 
  • and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Crestwood Equity Partners LP (NYSE: CEQP) to Energy Transfer LP (NYSE: ET).
  • Under the terms of the proposed transaction, common unitholders of Crestwood will receive 2.07 Energy Transfer common units for each Crestwood common unit that they own.
  • KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
  • To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates NEWR, PFSW, THRN, CEQP

Retrieved on: 
Tuesday, October 3, 2023
Transfer, Energy, PFSweb, Energy Transfer Partners, Sale, Advertising, Francisco Partners, Fraud, NYSE, Security (finance), New Relic

If you are a New Relic shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a New Relic shareholder, click here to learn more about your rights and options .
  • If you are a PFSweb shareholder, click here to learn more about your rights and options .
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

Crestwood Announces Filing of Definitive Proxy Statement in Connection with Pending Energy Transfer Transaction

Retrieved on: 
Friday, September 29, 2023
Mining, Minerals, Utilities, Oil, Gas, Alternative Energy, Energy, Natural Resources, Transfer, Main Street, Communication, AS, HCI Equity Partners, Central Time, Energy Transfer Partners, Sale, Register, Suite, Prospectus, Acquisition, Annual report, ANY, Registration statement, Form, NYSE, Proxy, Security (finance), Auction

Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) today announced the filing of a definitive proxy statement with the U.S. Securities and Exchange Commission (the “SEC”) in connection with Energy Transfer LP’s (NYSE: ET) (“Energy Transfer”) pending acquisition of Crestwood.

Key Points: 
  • Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) today announced the filing of a definitive proxy statement with the U.S. Securities and Exchange Commission (the “SEC”) in connection with Energy Transfer LP’s (NYSE: ET) (“Energy Transfer”) pending acquisition of Crestwood.
  • The Crestwood board of directors unanimously recommends that Crestwood unitholders vote "FOR" the proposals related to Crestwood’s merger with Energy Transfer.
  • Crestwood unitholders who need assistance in completing the proxy card or need additional copies of the proxy materials should contact Crestwood’s proxy solicitor:
    In connection with the proposed transaction between Energy Transfer and Crestwood, Energy Transfer filed with the SEC a registration statement on Form S-4 (the “Registration Statement”) that includes a proxy statement of Crestwood that also constitutes a prospectus of Energy Transfer, and each party will file other documents regarding the proposed transaction with the SEC.
  • This communication is not a substitute for the Registration Statement, proxy statement/prospectus or any other document that Energy Transfer or Crestwood (as applicable) has filed or may file with the SEC in connection with the proposed transaction.

Crestwood Announces Commencement of Consent Solicitation

Retrieved on: 
Wednesday, September 27, 2023
Oil, Gas, Natural Resources, Energy, Mining, Minerals, Other Energy, Transfer, Communication, AS, Eastern Time Zone, Person, BofA Securities, Tripura Merger Agreement, Register, Convention to propose amendments to the United States Constitution, NYSE, Amendment, Plan, Consent, Ridgemont Equity Partners, Suite, Expiration, Security (finance), Statement, LE, Registration statement, Main Street, Energy Transfer Partners, Information, Broker, Annual report, Form, Depository Trust & Clearing Corporation, Restatement of the Law of Agency, Third, Expiration date, Bank, Sale, Prospectus, Limited partnership, ANY, CUSIP, Solicitation, Cryptocurrency, Publishing, Property management, Mergers and acquisitions

Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) today announced the commencement of a solicitation of consents (the “Consent Solicitation”) from holders of its outstanding 9.250% Perpetual Preferred Units (the “Preferred Units”) (CUSIP/ISIN: 226344307 / US2263443077).

Key Points: 
  • Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) today announced the commencement of a solicitation of consents (the “Consent Solicitation”) from holders of its outstanding 9.250% Perpetual Preferred Units (the “Preferred Units”) (CUSIP/ISIN: 226344307 / US2263443077).
  • Crestwood reserves the right to modify the Statement and the terms and conditions of the Consent Solicitation or to terminate the Consent Solicitation at any time.
  • Crestwood reserves the right, in its sole discretion, to terminate or modify the Consent Solicitation.
  • In connection with the Consent Solicitation, the Statement has been, and certain other documents relating to the Consent Solicitation may be, filed by Crestwood with the Securities and Exchange Commission (the “SEC”).