August 14, 2022

DealBook: Behind the Surge in Energy Deals

As the deal-making steadily returns from the depths of the financial crisis and the recession, energy companies are leading the way. Oil, natural gas, and utility players are rapidly consolidating. On Thursday, Energy Transfer Equity bid $4.2 billion for Southern Union Company, a deal that will create one of the largest natural gas pipeline operators. DealBook’s Andrew Ross Sorkin and Adrienne Carter talk about what’s fueling the strong activity.

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