A gaggle of lawyers worked on the $8 billion deal to help simplify the corporate structure of partnerships founded by late oil and gas billionaire Dan Duncan. Andrews Kurth; Morris, Nichols, Arsht & Tunnell; Skadden, Arps, Slate, Meagher & Flom; Vinson & Elkins; Baker & Hostetler; and Richards, Layton & Finger all played part on the deal, announced on Tuesday.
Enterprise Products Partners L.P., one of the nation’s biggest pipeline operators, announced Tuesday that it will buy Enterprise GP Holdings L.P. Both companies were founded by Duncan, whose heirs will not be subject to a federal estate tax of at least 45 percent on Duncan’s $9 billion estate since the gas mogul died in March of this year, after Congress had allowed the tax to lapse.
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