BP to Acquire BP Midstream Partners in Stock Deal
20 Dicembre 2021 - 3:03PM
Dow Jones News
By Michael Dabaie
BP PLC said a U.S. affiliate would acquire all outstanding
common units of BP Midstream Partners LP that BP doesn't already
own in an all-stock deal.
The company said this represents 47.8 million common units. Each
unitholder would receive 0.575 of an American Depositary Share of
BP.
BP ADRs closed Friday at $26.30 and were down 2%, to $25.77, in
premarket trading.
The deal follows the offer made by BP in August to acquire the
publicly traded units of BPMP. BP said it expects the transaction
to close in the first quarter of 2022.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
December 20, 2021 08:48 ET (13:48 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Grafico Azioni BP Midstream Partners (NYSE:BPMP)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni BP Midstream Partners (NYSE:BPMP)
Storico
Da Giu 2023 a Giu 2024
Notizie in Tempo Reale relative a BP Midstream Partners LP (Borsa di New York (NYSE)): 0 articoli recenti
Più BP Midstream Partners LP Articoli Notizie