Andrews Kurth Reps Enterprise Products In $9B Deal

Law360, New York (September 7, 2010, 2:17 PM EDT) -- Energy services company Enterprise Products Partners LP has agreed to pay about $9 billion for Enterprise GP Holdings LP in a unit-for-unit exchange designed to limit long-term capital costs.

The transaction, announced Tuesday, will combine Enterprise GP with one of Enterprise Products' wholly owned subsidiaries and make several changes to the companies' partnership structures in order to streamline the organization.

The deal will cancel the 2 percent economic general partner interest, the general partner incentive distribution rights in Enterprise Products and the 21.6 million Enterprise Products...
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