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Stock Market & Financial Investment News

News Breaks
March 19, 2013
08:33 EDTCMLPCrestwood Midstream 4.5M share Spot Secondary priced at $23.90
Citigroup, Barclays, RBC Capital and UBS acted as joint book running managers for the offering.
News For CMLP From The Last 14 Days
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May 13, 2013
07:37 EDTCMLPBofA/Merrill to host a conference
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May 8, 2013
06:56 EDTCMLPCrestwood Midstream downgraded to Neutral from Buy at UBS
UBS downgraded Crestwood Midstream due to valuation. Price target lowered to $25 from $27.
May 7, 2013
06:43 EDTCMLPCrestwood Midstream sees FY13 adjusted EBITDA $170M-$185M
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06:39 EDTCMLPCrestwood Midstream reports Q1 EPS 7c, consensus 12c
Reports Q1 revenue $72.42M, consensus $77.57M.
May 6, 2013
08:45 EDTCMLPInergy, L.P. and Crestwood hold a joint conference call
Conference call to discuss the merger of the two companies to form $7B partnership will be held on May 6 at 8:30 am. Webcast Link
07:15 EDTCMLPInergy declares distribution of Intergy Midstream units to unitholders
The Board of Directors of Inergy GP, LLC, general partner of Inergy, L.P. (NRGY) announced that pursuant to the contribution agreement between Inergy and Crestwood Holdings LLC (CMLP) and Crestwood Gas Services Holdings LLC it has declared the distribution on a pro rata basis to Inergy unitholders of record on the record date of 56,398,707 common units of Inergy Midstream, L.P. (NRGM) held by Inergy. Payment of the special distribution is contingent on the satisfaction or waiver of all closing conditions under the contribution agreement. The Board declared a record date of June 14 for the distribution of the NRGM units. The distribution of the NRGM common units is expected to be approximately 0.4321 NRGM common units for each Inergy limited partner unit outstanding on the record date. The distribution of the NRGM common units is expected to occur after the market closes on June 18. The transfer agent will not distribute any fractional NRGM common units. Each Inergy unitholder that would have been entitled to receive a fractional unit in the distribution from Inergy will instead be entitled to receive from Inergy a cash payment equal to the value of such fractional unit based on the market price of the NRGM common units.
07:06 EDTCMLPCrestwood, Inergy merge to form $7B midstream partnership
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07:03 EDTCMLPCrestwood and Inergy merge to form $7B partnership
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