DCP Midstream LP stock rose 5.4% in premarket trades on Friday after its corporate parent Phillips 66 said it would pay $41.75 per common unit to increase...
DCP Midstream LP DCP stock rose 5.4% in premarket trades on Friday after its corporate parent Phillips 66 PSX said it would pay $41.75 per common unit to increase its stake in the pipeline partnership to 86.8%. The deal is valued at about $3.8 billion. Phillips 66 said the transaction is expected to generate $1 billion of adjusted EBITDA for Phillips 66.
... DCP Midstream LP DCP stock rose 5.4% in premarket trades on Friday after its corporate parent Phillips 66 PSX said it would pay $41.75 per common unit to increase its stake in the pipeline partnership to 86.8%. The deal is valued at about $3.8 billion. Phillips 66 said the transaction is expected to generate $1 billion of adjusted EBITDA for Phillips 66.
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