Goldman Sachs in $9.4 Billion Energy Merger
July 19, 2011
Cleary Gottlieb is representing Goldman Sachs, as financial advisor to the Special Committee of the Board of Directors of Southern Union Company, in connection with the amended and restated merger agreement, dated July 19, 2011, under which Energy Transfer Equity will acquire Southern Union for $9.4 billion, including $5.7 billion in cash and common units of Energy Transfer Equity. The transaction is expected to close in 2012.
Southern Union Company, headquartered in Houston, is one of the nation’s leading diversified natural gas companies, engaged primarily in the transportation, storage, gathering, processing and distribution of natural gas.
Energy Transfer Equity is a publicly traded partnership owning and operating a diversified portfolio of energy assets.