Item 2.01. Completion of Acquisition or Disposition of Assets.
Enable Merger
On
Pursuant to the terms of the Merger Agreement, (i) Merger Sub merged with and into Enable (the "LP Merger"), with Enable surviving the LP Merger as a wholly owned subsidiary of Energy Transfer, (ii) GP Merger Sub merged with and into the General Partner (the "GP Merger" and, together with the LP Merger, the "Mergers"), with the General Partner surviving the GP Merger as a direct wholly owned subsidiary of Energy Transfer and (iii) the Company contributed, assigned, transferred, conveyed and delivered to Energy Transfer, and Energy Transfer acquired, assumed, accepted and received from the Company, all of the Company's right, title and interest in each 10% Series A Fixed-to-Floating Non-Cumulative Redeemable Perpetual Preferred Unit representing a limited partner interest in Enable (the "Enable Series A Preferred Units") issued and outstanding at such time in exchange for 0.0265 newly issued 7.125% Series G Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units of Energy Transfer (the "Energy Transfer Series G Preferred Units").
At the closing of the Mergers, Energy Transfer acquired 100% of Enable's
outstanding common units, resulting in the exchange of Enable common units owned
by the Company at the transaction exchange ratio of 0.8595x Energy Transfer
common units for each Enable common unit. The Company also received
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