Referenced Stocks

NGL Energy to Acquire Pecos Gathering & Marketing

By Midnight Trader,  October 24, 2012, 06:49:26 AM EDT

NGL Energy Partners LP ( NGL ) has signed an agreement with Pecos Gathering & Marketing, L.L.C. and its affiliated companies to acquire all of the limited liability company membership interests of Pecos for cash, plus an additional payment for agreed upon capital expenditures.

The company said the purchase price will be financed through borrowings under its credit facility. The transaction is expected to close November 1, 2012, subject to normal closing conditions.

NGL shed 5 cents yesterday but is trading close to year high $27.61.




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: Investing, Commodities

Referenced Stocks: NGL



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