Tags: MPLX to Buy Markwest Energy Partners for About 20 Billion

MPLX to Buy Markwest Energy Partners for About $20 Billion

Monday, 13 Jul 2015 07:16 AM

(Bloomberg) -- MPLX LP agreed to buy MarkWest Energy Partners LP for about $20 billion including debt.

The acquisition will be a “unit-for-unit” tax-free transaction plus a one-time cash payment to MarkWest unit- holders, MPLX said Monday in a regulatory statement.

The proposed transaction combines the U.S.’s second-largest processor of natural gas with a growing oil and refined products logistics partnership, according to the statement.

To contact the editor responsible for this story: Amanda Jordan at ajordan11@bloomberg.net

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MPLX to Buy Markwest Energy Partners for About $20 Billion
MPLX to Buy Markwest Energy Partners for About 20 Billion
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2015-16-13
Monday, 13 Jul 2015 07:16 AM
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