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NOT A SUBSCRIBER?Magellan buy-in heats upPosted on April 14, 2009 10:17 AM
Magellan Midstream Partners LP and general partner Magellan Midstream Holdings LP have received third party interest in acquiring the pipeline and storage business since it announced its capital restructuring.
On March 3, Magellan Midstream Partners, the limited partnership of the petroleum operation, and Magellan Midstream Holdings, the general partner (MMH for simplicity here) announced they would combine their public ownership in a unit exchange. Under the deal, the general partner would be folded into the limited partnership ownership with MMH holders receiving 0.6325 of a Magellan Midstream, or MMP, on the New York Stock Exchange for each share of MMH. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline.
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