Devon Energy midstream spinoff withdraws IPO

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Devon Midstream Partners LP, a Devon Energy-backed midstream MLP formed to own and operate natural gas assets, withdrew its plans for an initial public offering on Wednesday citing investor interests. The Oklahoma City, OK-based company was founded in 2013 and booked $2.2 billion in sales for the 12 months ended June 30, 2013. BofA Merrill Lynch and Barclays were set to be the joint bookrunners on the deal.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

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