08:35 AM EDT, 05/28/2024 (MT Newswires) -- Energy Transfer LP ( ET ) will acquire WTG Midstream Holdings in a deal valued at about $3.25 billion from affiliates of Stonepeak, the Davis Estate and Diamondback Energy, according to a Tuesday press release.

The transaction will be comprised of $2.45 billion in cash and about 50.8 million newly issued Energy Transfer ( ET ) common units. The deal is expected to close in Q3, subject to regulatory approval and customary closing conditions, according to the press release.

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