December 09, 2021
Dallas-based Energy Transfer LP (NYSE: ET) and Oklahoma City-based Enable Midstream Partners, LP (NYSE: ENBL) have announced the completion of their previously announced merger. The terms of agreement were approved earlier this year by Enable’s two largest unitholders, CenterPoint Energy, Inc. (CNP) and OGE Energy Corp. (OGE), which together owned approximately 79% of Enable’s outstanding common units.
Latham & Watkins LLP represented Energy Transfer in the transaction with a corporate deal team led by Houston partners Bill Finnegan and Kevin Richardson, with associates Thomas Verity, Daniel Harrist, Jonathan Villa, Michael Basist, and Janhavi Das. Advice was also provided on tax matters by Houston partners Tim Fenn and Bryant Lee and Los Angeles partner Larry Stein, with associates Michael Rowe and Dominick Constantino; on finance matters by Houston partners Craig Kornreich and Pamela Kellet; on antitrust matters with Washington, D.C. partners Jason Cruise and Lindsey Champlin and Washington, D.C. counsel Peter Todaro; on environmental matters by Houston partner Joel Mack and Los Angeles counsel Joshua Marnitz; on regulatory matters by Washington, D.C. partner Eugene Elrod; and on benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum, with associate Courtney Thomson.