Enterprise Offers $2.4B For Duncan Energy

Enterprise Products Partners is seeking to acquire Duncan Energy Partners in a non-cash deal.

Enterprise Products Partners is seeking to acquire Duncan Energy Partners in a non-cash deal, The Wall Street Journal reports. The U.S. oil and gas company has offered around $2.41 billion for the acquisition. Texas-based Enterprise, which merged with Enterprise GP Holdings last year, currently owns Duncan’s general partner and about 58% of Duncan’s common units. It also holds joint interest in some Duncan assets.

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