Phillips 66 offers to buy pipeline operator DCP Midstream
HOUSTON — U.S. refiner Phillips 66 on Wednesday offered to acquire the public shares of gas and natural gas liquids pipeline operator DCP Midstream in a $7.2 billion deal. Canadian pipeline operator Enbridge, which owned 50% of DCP’s general partner, said it would reduce its stake in the company to 13.2% from 28.3%. It will, […]
Phillips 66 offers to buy pipeline operator DCP Midstream
HOUSTON — U.S. refiner Phillips 66 on Wednesday offered to acquire the public shares of gas and natural gas liquids pipeline operator DCP Midstream in a $7.2 billion deal. Canadian pipeline operator Enbridge, which owned 50% of DCP’s general partner, said it would reduce its stake in the company to 13.2% from 28.3%. It will, […]