Vinson, Baker Botts Help Seal Devon-Crosstex Merger

Law360, New York (October 21, 2013, 1:42 PM EDT) -- Devon Energy Corp. has combined all of its U.S. midstream assets with the assets of Crosstex Energy Inc. and Crosstex Energy LP to create a new midstream business that will increase the companies' scale and enhance their financial strength, Devon said Monday.

The newly formed company will consist of a master limited partnership and a general partnership, which is expected to have adjusted earnings before interest, taxes, depreciation and amortization of about $700 million in 2014.

A name for the combined business, which will be headquartered...
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