---
title: "BUZZ-Energy Transfer rises on $3.25 bln deal to acquire WTG Midstream"
description: "** Shares of pipeline operator Energy Transfermarginally rise to $15.51 premarket** Co to buy WTG Midstream Holdings from Stonepeak, the Davis Estate and Diamondback Energyfor $3.25 billion** Deal wil"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/205007251.md"
published_at: "2024-05-28T13:06:39.000Z"
---

# BUZZ-Energy Transfer rises on $3.25 bln deal to acquire WTG Midstream

> ** Shares of pipeline operator Energy Transfermarginally rise to $15.51 premarket** Co to buy WTG Midstream Holdings from Stonepeak, the Davis Estate and Diamondback Energyfor $3.25 billion** Deal will comprise $2.45 billion in cash and about 50.80 million newly issued ET common units** Deal is expected to close in Q3 2024** Shares of FANG up 1.4% at $196.07 premarket** Up to last close, ET is up 11.9% YTD

\*\* Shares of pipeline operator Energy Transfer (ET.N) marginally rise to $15.51 premarket

\*\* Co to buy WTG Midstream Holdings from Stonepeak, the Davis Estate and Diamondback Energy (FANG.O) for $3.25 billion

\*\* Deal will comprise $2.45 billion in cash and about 50.80 million newly issued ET common units

\*\* Deal is expected to close in Q3 2024

\*\* Shares of FANG up 1.4% at $196.07 premarket

\*\* Up to last close, ET is up 11.9% YTD

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---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.