SQUAWK/NEWS
Account
Theme
Account
Menu
Live News MNA FLASH L impact

BUZZ — Energy Transfer to buy Vaquero Midstream for $2.63 billion; shares slip

* Shares of pipeline operator Energy Transfer fall nearly 2% to $20.36 * Co to acquire midstream services provider Vaquero Midstream in a transaction valued at about $2.63 bln * Co to fund the deal with $1.95 bln in cash and about 33.3 mln newly issued common units * Acquisition expected to close in Q4'26 * 19 of 23 brokerages rate the stock "buy" or above, 4 "hold"; median PT - $24 - data compiled by LSEG * Including session's moves, stock has risen 23.53% YTD (Reporting by Miraanta Lowrance in Bengaluru) ((miraanta.lowrance@thomsonreuters.com)

ET.N