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EVEP expects the transaction to close by the middle of
"This transaction, along with the previous sale of our interest in Cardinal Gas Services, reflects the completion of our divestiture of midstream investments in the
The other member of UEO has the right to agree to acquire EVEP's interest in UEO for the same price. If the other member exercises and closes on this right, the aggregate purchase price received by EVEP would remain the same, and WPZ would acquire an approximate 13 percent interest and the other member would acquire an approximate 8 percent interest.
(code #: EVEP/G)
This press release includes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the partnership expects, believes or anticipates will or may occur in the future are forward-looking statements. Statements regarding the ability to close and the timing of the closing of the sale of the Partnership's interest in Utica East Ohio, purchase price adjustments and the use of proceeds are forward looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of EVEP, which may cause our actual results to differ materially from those implied or expressed by the forward-looking statements. These include risks relating to the
ability to obtain regulatory approval, arrange financing, ability to satisfy closing conditions and requirements, and other important factors that could cause actual results to differ materially from those projected. Additional risks are described in the EVEP's reports filed with the
Any forward-looking statement speaks only as of the date on which such statement is made and EVEP undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise.
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