Crestwood, Inergy Merger Completed
(RTTNews.com) - Crestwood Midstream Partners LP (CMLP), Crestwood Holdings LLC, Inergy, L.P. (NRGY) and Inergy Midstream, L.P. (NRGM) Monday announced that the merger of Crestwood and Inergy has been completed.
The combination is a fully integrated midstream partnership platform with a total enterprise value of about $8 billion.
The merger of Crestwood Midstream with a subsidiary of Inergy Midstream closed on Monday, completing the final step in the combination of Inergy and Crestwood. The newly combined entity has been named Crestwood Midstream Partners LP and will trade under the ticker symbol CMLP on the New York Stock Exchange beginning on October 8, 2013.
Additionally, Inergy L.P. has been renamed Crestwood Equity Partners LP and will trade on the New York Stock Exchange under the ticker symbol CEQP beginning on October 8, 2013.
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