Regency Energy Partners LP (NYSE: RGP) and Energy Transfer Partners, L.P. (NYSE: ETE) announced a definitive agreement under which Regency and Energy Transfer Partners will combine in a unit-for-unit transaction plus a one-time cash payment to Regency unitholders that collectively implies a value for Regency of approximately $18.0 billion, including the assumption of net debt of $6.8 billion.

The transaction is expected to close in the second quarter of 2015, subject to regulatory approval, unitholder votes and other customary closing conditions.

Baker Botts is representing Regency in the transaction.

Baker Botts Lawyers/Office Involved:

Corporate: Neel Lemon (Partner, Dallas); A.J. Ericksen (Partner, Houston); Jeremy Moore (Senior Associate, Houston); Nathan Tanner (Associate, Houston); Chelsie Gonzalez (Associate, Houston); Harrison Tucker (Associate, Houston)

Tax: Steve Marcus (Partner, Dallas); Aaron Pinegar (Senior Associate, Dallas)

Finance: Luke Weedon (Partner, Dallas)

Antitrust/Competition: Paul Cuomo (Partner, Washington); Vishal Mehta (Senior Associate, Washington); Jeffrey Oliver (Associate, Washington)

Employee Benefits: Rob Fowler (Partner, Houston)

Litigation: David Sterling (Partner, Houston)


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