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Questions 21-23 are based on the following news release from Energy Transfer on Sept. 16, 2019: Energy Transfer to buy SemGroup in $5B deal Energy

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Questions 21-23 are based on the following news release from Energy Transfer on Sept. 16, 2019: Energy Transfer to buy SemGroup in \$5B deal Energy Transfer (NYSE-ET) agrees to acquire SemGroup (NYSE:SEMG) in a unit and cash deal valued at $17/ share, or $5B including the assumption of debt. The deal consists of 56.80 in cash and 0.7275 of an ET common unit for each outstanding SEMG common share, or 40% cash and 60% equity, representing a 65% premium to SEMG's Sept. 13 closing price. 21 If you own 100 shares of SemGroup now, upon the successful completion of this deal, your ownership will become a $17 in cash b $1,700 in cash c $5 billion in cash d $6.80 cash plus $10.2 worth of ET stocks e cash and ET stocks that are worth $1,700 together 22 Based on the information given, what is the share price of Energy Transfer (NYSE:ET)? abcde$6.8$10.2$14.02$17$19.3 23 Based on the information given, what was SEMG's Sept. 13 closing price? a $6.8 b $10.3 c $11.05 d $17 e $26.15

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