Phillips 66 makes $7.2B buyout offer for DCP Midstream after boosting stake in JV
The offer coincided with a restructuring that increased Phillip 66’s ownership of the DCP Midstream parent company, which is a joint venture of Phillips 66 and Canada-based pipeline giant Enbridge Inc. (NYSE: ENB), and handed management of the joint venture to Phillips 66.
Phillips 66 makes $7.2B buyout offer for DCP Midstream after boosting stake in JV
The offer coincided with a restructuring that increased Phillip 66’s ownership of the DCP Midstream parent company, which is a joint venture of Phillips 66 and Canada-based pipeline giant Enbridge Inc. (NYSE: ENB), and handed management of the joint venture to Phillips 66.