Energy Transfer LP and Crestwood Equity Partners LP have announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), in connection with Energy Transfer’s pending acquisition of Crestwood.
The expiration of the waiting period under the HSR Act satisfies one of the conditions to the closing of the previously announced acquisition by Energy Transfer of Crestwood in an all-equity transaction. The transaction is expected to close in the fourth quarter of 2023, subject to the approval of Crestwood’s unitholders and other customary closing conditions.
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