ENERGY TRANSFER PARTNERS - ANNOUNCED AGREEMENT FOR UNIT TO BUY TRUNKLINE LNG CO LLC

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Energy Transfer Partners LP:

  • Announced agreement for unit to buy trunkline lng co llc, which owns a regasification facility in lake charles, Louisiana
  • Says deal in exchange for the redemption of 18.71 million etp units held by ete
  • Purchase price of about $1 billion; deal expected to close in early February, 2014 but will be effective as of January 1, 2014

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