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Summary
News:
1) Energy Transfer LP (ET) has announced that it will acquire SemGroup (SEMG) for $5 billion, funding the acquisition using 40% cash and 60% ET stock. The purchase price represented a 65% premium over the closing price of SEMG shares as of Sept 13. With this acquisition, ET could improve its capability to export to the Gulf Coast. The deal is expected to be closed in late 2019