Regency Energy Partners, company engaged in gathering and processing, compression, treating, and transportation of natural gas to acquire Energy Transfer Partners, a company engaged in the gathering, processing, contract compression and transportation of natural gas and liquids for $18bn. This merger will create substantial cost savings, capital efficiencies and valuable ancillary benefits for both Regency’s and ETP’s unitholders. It will also strengthen the overall growth platform for the combined company. “As a result, the combination with ETP became a logical transaction, as we believe that this merger will create significant immediate and long-term value for our unitholders. The merger will also allow Regency and ETP to consolidate our complementary midstream operations in the Permian and West Texas areas. The ability to bring those operations together under one roof is expected to create tremendous value for the unitholders of the combined partnerships.” Mike Bradley, Regency’s Chief Executive Officer.