[Context: On March 7, M5 Midstream received an HSR Early Termination Notice from the FTC for its acquisition of Azure Midstream Partners. The company was named as the stalking horse bidder in a Chapter 11 bankruptcy sale process of all Azure’s assets for $151.1m, and was represented by Locke Lord. On March 10, Azure disclosed in bankruptcy filings that Enterprise Products, through BTA Gathering LLC, had beat out M5 Midstream with a $189m bid and was identified as the successful bidder. Meanwhile M5 Midstream was flagged as the back-up bidder with a $188m offer. Bill Pritchard is CEO of M5 Midstream and  Indigo Resources, according to a Houston Business Journal report. Indigo Resources is backed by Energy Minerals Group and Trilantic North America.]

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