8:54pm: Pitching prospect Josh Zeid will also go to the Astros in the deal, tweets Jim Salisbury of CSN Philly. SI's Jon Heyman adds that the Astros will pay $1MM to the Phillies in the trade.
8:42pm: The Astros are also sending cash to the Phillies in the deal, tweets ESPN's Jayson Stark.
8:16pm: Pence has been removed from tonight's game against the Brewers, tweets MLB.com's Brian McTaggart. He's getting hugs in the dugout.
7:49pm: The Phillies are close to acquiring Pence, tweets Rosenthal. He says a deal is expected to be completed tonight. Jon Paul Morosi tweets that first baseman Jonathan Singleton and righty Jarred Cosart are in the deal. Rosenthal says the Astros will also get two players to be named later in the deal – one of whom may be announced tonight – and they are not major prospects.
6:42pm: The Phillies and Astros are progressing toward a deal for right fielder Hunter Pence, tweets Ken Rosenthal of FOX Sports. He says talks "are to point where another team will need to trump the Phillies with a superior package," and agrees with ESPN's Buster Olney that the Braves are still trying. Jerry Crasnick tweets that the Braves still think they're right in the race for Pence.