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Pros. SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT AND PROXY STATEMENT/PROSPECTUS REGARDING THE TRANSACTION CAREFULLY WHEN IT BECOMES AVAILABLE. Positive Outlook. Additional information regarding the interests of participants in the solicitation of proxies in connection with the proposed merger will be included in the proxy statement/prospectus. The merger consideration consists of $6.80 in cash and 0.7275 of an ET common unit for each outstanding share of Class A Common Stock of SemGroup, or 40% cash and 60% equity. These and other risks and uncertainties are discussed in more detail in filings made by Energy Transfer and SemGroup with the SEC, which are available to the public. The transaction, which is expected to have no material impact on credit metrics, increases Energy Transfer’s portion of fee-based cash flows from fixed-fee contracts and is expected to be immediately accretive to distributable cash flow per common unit. Investor Relations: Energy Transfer participates in the E-Verify program. Additional risks include: the ability to obtain requisite regulatory and stockholder approval and the satisfaction of the other conditions to the consummation of the proposed transaction, the ability of Energy Transfer to successfully integrate SemGroup’s operations and employees and realize anticipated synergies and cost savings, the potential impact of the announcement or consummation of the proposed transaction on relationships, including with employees, suppliers, customers, competitors and credit rating agencies, the ability to achieve revenue, DCF and EBITDA growth, and volatility in the price of oil, natural gas, and natural gas liquids. Energy Transfer will significantly strengthen its crude oil transportation, terminalling and export capabilities with the addition of the Houston Fuel Oil Terminal (“HFOTCO”), a world class crude oil terminal on the Houston Ship Channel with 18.2 million barrels of crude oil storage capacity, five deep-water ship docks and seven barge docks. The combination of Energy Transfer’s significant infrastructure with SemGroup’s complementary assets will allow the combined company to pursue additional commercial opportunities and to achieve cost savings while enhancing Energy Transfer’s ability to serve customers. These risks and uncertainties include the risks that the proposed transaction may not be consummated or the benefits contemplated therefrom may not be realized. Different forms of energy can be transferred from one form to another. Jefferies LLC acted as exclusive financial advisor to SemGroup and Kirkland & Ellis LLP acted as legal counsel. Energy Transfer LP (NYSE: ET) (“ET” or “Energy Transfer”) today announced that it has entered into a definitive merger agreement whereby Energy Transfer will acquire SemGroup Corporation (NYSE: SEMG) (“SemGroup”) in a unit and cash transaction valued at $17 per share, or a total consideration including the assumption of debt of approximately $5 billion, based on the closing price of ET common units on September 13, 2019. I worked at Energy Transfer for less than a year.
Energy Transfer is one of America’s largest and most diversified midstream energy companies. any part of the application process, please contact the EEO Coordinator at 713-989-2247. Information regarding the directors and executive officers of SemGroup is contained in SemGroup’s proxy statement relating to its 2019 Annual Meeting of Stockholders, which was filed with the SEC on April 12, 2019.
An investor presentation regarding the transaction will be posted to Energy Transfer’s website and filed with the Securities and Exchange Commission (the “SEC”) on a Current Report on Form 8-K. BofA Merrill Lynch acted as exclusive financial advisor to Energy Transfer and Latham & Watkins LLP acted as legal counsel. View source version on businesswire.com: https://www.businesswire.com/news/home/20190916005315/en/, Energy Transfer Energy Transfer and SemGroup undertake no obligation to update publicly or to revise any forward-looking statements, whether as a result of new information, future events or otherwise. click here. Information regarding the directors and executive officers of Energy Transfer is contained in Energy Transfer’s Form 10-K for the year ended December 31, 2018, which was filed with the SEC on February 22, 2019. These assets will greatly increase Energy Transfer’s crude oil and NGL transportation business in the Rockies and Mid-Continent and will complement Energy Transfer’s existing crude oil and NGL transportation business in the Permian Basin. These documents (when they become available), and any other documents filed by Energy Transfer and SemGroup with the SEC, may be obtained free of charge at the SEC’s website, at www.sec.gov. Key areas of operation and growth include western Canada, the Mid-Continent and the Gulf Coast.
I 100% recommend working here and feel lucky that I get to be here everyday. If, because of a medical condition or disability, you need a reasonable accommodation for In addition, investors and security holders will be able to obtain free copies of the registration statement and the proxy statement/prospectus by phone, e-mail or written request by contacting the investor relations department of Energy Transfer at the number and address set forth below: Email: [email protected]. ET is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, NGL and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. Statements using words such as “anticipate,” “believe,” “intend,” “project,” “plan,” “expect,” “continue,” “estimate,” “goal,” “forecast,” “may” or similar expressions help identify forward-looking statements.
I personally feel like it is a good thing to be busy. Energy transfers. Somehow even though the company has thousands of employees it is still very inclusive and makes you feel like you are one of the family. Energy Transfer is an equal opportunity employer and does not discriminate against qualified applicants on the basis of actual or perceived race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, pregnancy, veteran status, genetic information, citizenship status, or any other basis prohibited by law. Copyright © 2008–2020, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Current Employee - Talent Acquisition Coordinator. Flexibility, rotating shifts - one week in the office, next week work from home, awesome management , coworkers friendly and helpful, work life balance a plus, during blending season brings in your lunch for all of us,, provides you equipped with all your tools you need to do your job at work or from home or if you are traveling ( 2 - 20" monitors, Labtop and Cell Phone( 24/7 on call) , pay is reasonably rewarding, and the work / office environment is the bomb! Energy Transfer’s vast network of pipelines, which handles over four million barrels per day, will also allow customers the flexibility to access its previously announced Very Large Crude Carrier, or VLCC, project planned from its Nederland terminal. Recommends. William Baerg, Brent Ratliff or Lyndsay Hannah, 214-981-0795 The only con that I can think of is that it can get very busy.
HFOTCO is supported by stable take-or-pay cash flows from diverse, primarily investment grade customers. Energy Transfer and SemGroup cannot give any assurance that expectations and projections about future events will prove to be correct.
There is a very positive atmosphere even in manic times. This represents a 65% premium to the closing price of SemGroup shares as of September 13, 2019. This acquisition also expands Energy Transfer’s crude oil and NGL infrastructure by adding crude oil gathering assets in the DJ Basin in Colorado and the Anadarko Basin in Oklahoma and Kansas, as well as crude oil and natural gas liquids pipelines connecting the DJ Basin and Anadarko Basin with crude oil terminals in Cushing, Oklahoma. Energy Transfer’s vast network of pipelines, which handles over four million barrels per day, will also allow customers the flexibility to access its previously announced Very Large Crude Carrier, or … Energy Transfer’s crude oil assets on the Gulf Coast will also benefit from the Maurepas Pipeline and its connections to the St. James refining complex. The combined company expects to generate more than $170 million of annual run-rate synergies, consisting of commercial and operational synergies of $80 million, financial savings of $50 million and cost savings of $40 million. Energy Transfer anticipates commercial operations to begin in 2021. SemGroup is committed to safe, environmentally sound operations. Unfortunately this position has been closed but you can search our 210 open jobs by. DALLAS--(BUSINESS WIRE)--Sep. 16, 2019-- Media Relations: Vicki Granado, 214-840-5820, Energy Transfer to Acquire SemGroup in $5 Billion Transaction, INFORMATIONAL POSTINGS & CUSTOMER ACTIVITIES, Tax Information Related to Mergers, Acquisitions & Exchange Offers, https://www.businesswire.com/news/home/20190916005315/en/. But honestly, I think that could also be a pro as well. identity, age, national origin, disability, pregnancy, veteran status, genetic information, citizenship Additional Information and Where to Find It. SemGroup serves as a versatile connection between upstream oil and gas producers and downstream refiners and end users. To view a notice describing federal equal opportunity Energy Transfer is an equal opportunity employer and does not discriminate against qualified Upon the closing, SemGroup stockholders are expected to own approximately 2.2% of Energy Transfer’s outstanding common units.
Thanks for your interest in the Coordinator - Talent Acquisition position.
ET, through its ownership of Energy Transfer Operating, L.P., also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC). This number is for reasonable accommodation requests only. Energy transfer diagrams show each form of energy - whether it is stored or not - … Energy Transfer anticipates commercial operations to begin in 2021.
The Ted Collins Pipeline, in conjunction with the combined companies’ oil transportation assets, will provide Energy Transfer’s customers with best-in-class access to the Houston, Beaumont/Port Arthur, and St. James markets.
No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Energy Transfer’s acquisition of SemGroup will increase Energy Transfer’s scale across multiple regions and provide increased connectivity for Energy Transfer’s crude oil and NGL transportation businesses. Forward-looking statements are subject to a variety of risks, uncertainties and assumptions. Somehow even though the company has thousands of employees it is still very inclusive and makes you feel like you are one of the family.
The transaction is expected to close in late 2019 or early 2020, subject to the approval by SemGroup’s stockholders and other customary regulatory approvals. Forward-looking statements are identified as any statement that does not relate strictly to historical or current facts. Actual results and outcomes may differ materially from those expressed in such forward-looking statements. Energy Transfer Partners (now legally Energy Transfer Operating L.P.) is a company engaged in natural gas and propane pipeline transport.It is organized in Delaware and headquartered in Dallas, Texas.It was founded in 1995 by Ray Davis and Kelcy Warren, who remains Chairman and CEO.
This communication is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, in any jurisdiction, pursuant to the proposed merger or otherwise, nor shall there be any sale, issuance, exchange or transfer of the securities referred to in this document in any jurisdiction in contravention of applicable law.
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