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Devon Energy and Crosstex Energy complete transaction to create EnLink Midstream


Published Mar 11, 2014
Devon Energy Corporation

Devon Energy Corporation, EnLink Midstream, LLC and EnLink Midstream Partners, LP announced the completion of the previously announced transaction to combine substantially all of Devon's U.S. midstream assets with the assets of the former Crosstex Energy, Inc. and Crosstex Energy, L.P. (collectively, 'Crosstex').

Crosstex Energy, Inc. stockholders overwhelmingly voted in favor of the proposal to adopt the previously announced merger agreement among Crosstex Energy, Inc., Devon and certain of Devon's subsidiaries.

Following closing, two publicly traded entities will exist: a general partner entity and the master limited partnership, which will operate under the legal names EnLink Midstream, LLC and EnLink Midstream Partners, LP, respectively (collectively, 'EnLink Midstream'). Both EnLink Midstream securities will begin trading on March 10, 2014 on the New York Stock Exchange under the symbols ENLC (the general partner) and ENLK (the master limited partnership).

Tags: Devon Energy Corporation




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