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Stock Market & Financial Investment News

News Breaks
March 7, 2014
15:53 EDTENLC, DVN, XTEX, ENLK, XTXIDevon, Crosstex Energy complete transaction to create EnLink Midstream
Devon Energy (DVN), EnLink Midstream (ENLC) and EnLink Midstream Partners (ENLK) announced the completion of the previously announced transaction to combine substantially all of Devonís U.S. midstream assets with the assets of the former Crosstex Energy Inc. (XTXI) and Crosstex Energy, L.P. (XTEX). Crosstex Energy, Inc. stockholders overwhelmingly voted in favor of the proposal to adopt the previously announced merger agreement among Crosstex Energy, Inc., Devon and certain of Devonís subsidiaries. Following closing, two publicly traded entities will exist: a general partner entity and the master limited partnership, which will operate under the legal names EnLink Midstream, LLC and EnLink Midstream Partners, LP, respectively. Both EnLink Midstream securities will begin trading on March 10 on the New York Stock Exchange under the symbols "ENLC" for the general partner and "ENLK" for the master limited partnership.
News For DVN;XTXI;XTEX;ENLC;ENLK From The Last 14 Days
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July 22, 2015
06:29 EDTDVNDevon Energy coverage assumed with an Outperform at Credit Suisse
Target $83.
July 21, 2015
08:03 EDTENLC, ENLKEnLink Midstream increases quarterly distributions
The EnLink Midstream companies today announced the declaration of the quarterly distributions for EnLink Midstream Partners, LP (ENLK), the master limited partnership, and EnLink Midstream, LLC (ENLC), the general partner, for the second quarter of 2015. The quarterly distribution on the Master Limited Partnershipís common units will be 38.5c per common unit, which represents a half cent increase compared to distributions declared for the first quarter of 2015 and an annualized distribution increase of around 6% compared to the second quarter of 2014. The distribution is payable on August 13 to unitholders of record on July 31. The quarterly distribution on the General Partnerís common units will be 25c per common unit, which represents a half cent increase compared to distributions declared for the first quarter of 2015 and an annualized distribution increase of around 14% compared to the second quarter of 2014. The distribution is payable on August 14 to unitholders of record on July 31.

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