Regency Energy buys PVR Partners for $5.6B

|About: Regency Energy Partners LP (RGP)|By:, SA News Editor

Regency Energy Partners (RGP) agrees to acquire PVR Partners (PVR) in a $5.6B deal that includes the assumption of $1.8B in net debt.

RGP says its offer is valued at $28.68 per PVR unit, a 26% premium over Wednesday’s close.

The acquisition will create a leading gas gathering and processing platform with a scaled presence across North America's premier high-growth unconventional oil and gas plays in Appalachia, west Texas, south Texas, the Mid-Continent and north Louisiana.

PVR +19.6% premarket.