Enterprise GP Holdings (EPE) and Enterprise Products Partners (EPD) announced a definitive merger agreement Tuesday morning. EPE unitholders will receive 1.5 EPD common units in exchange for each EPE limited partner unit they own at closing.
Enterprise GP Holdings gapped open sharply higher Tuesday and has continued to gain ground in early trade. Shares are now up 5.85 at $55.75 on above average volume. The stock has surged past resistance and has set a new high for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.