OGE Energy being advised in unit-for-unit merger of Enable Midstream Partners LP by Energy Transfer LP for $7.2 billion
Clients OGE Energy Corp.
Jones Day advised OGE Energy Corp. ("OGE") in connection with the acquisition of Enable Midstream Partners LP by Energy Transfer LP in a unit-for-unit merger transaction valued at $7.2 billion. OGE owned an approximate 25.5% limited partner interest and a 50% general partner interest in Enable, a publicly traded master limited partnership that owns, operates and develops strategically located natural gas and crude oil infrastructure assets. Upon closing of the merger, OGE owned an approximate 3% limited partner interest in Energy Transfer. Jones Day represented OGE in connection with the formation of the Enable Midstream master limited partnership.