Crestwood, Inergy Midstream Ink $7B Merger Deal

Law360, New York (May 6, 2013, 3:15 PM EDT) -- Midstream oil and gas companies Crestwood Midstream Partners LP and Inergy Midstream LP are planning to pool their resources together in a $7 billion merger that will position the new entity as a major shale market player, the companies announced Monday.

Per the intricate deal, affiliate Crestwood Holdings plans to acquire the managing partner of Inergy LP for $80 million in cash and will simultaneously contribute its interests in Credwood Gas Services GP LLC to Inergy. Crestwood Midstream will also merge with a unit of Inergy...
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