Latham & Watkins is advising Dallas-based Energy Transfer Partners LP (ETP) in its pending merger with Newtown Square, Pennsylvania-based Sunoco Logistics Partners LP (SXL), which turned to outside counsel at Vinson & Elkins. The deal is valued at about $21 billion.
ETP and SXL both have a financial interest in the still-unfinished Dakota Access Pipeline, a project slated to move oil from North Dakota to Illinois but currently the target of protests by Native Americans and environmental activists.
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