USA Compression Partners L.P. said Tuesday it will acquire the compression business from Energy Transfer Partners L.P. in a deal valued at about $1.8 billion. Energy Transfer Partners said it would use the proceeds to cut debt. As part of the deal, Energy Transfer Equity L.P. will acquire the ownership interests in the general partner of USA Compression and approximately 12.5 million common units. USA Compression said it expects the deal to add to distributable cash flow in 2018. Energy Transfer Partner’s stock (ETP) gained 1% in premarket trade, while USA Compression shares (USAC) were still inactive. ETP has dropped 17.5% over the past 12 months, while USAC has lost 8.2% and the S&P 500 has gained 22.5%.
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