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Stock Market & Financial Investment News

News Breaks
February 20, 2013
07:28 EDTEVEPEV Energy initiated with an Overweight at JPMorgan
Target $69.
News For EVEP From The Last 14 Days
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September 23, 2014
08:15 EDTEVEPEV Energy to divest 9% interest in Cardinal Gas Services
EV Energy Partners announced it has signed an agreement to divest its 9% interest in Cardinal Gas Services to E1 and a Korean consortium led by Samchully for $162M, which includes estimated purchase price adjustments of approximately $18M. This sale is being made in conjunction with TOTAL E&P USA (TOT), which has also agreed to divest its 25% interest in CGS. The transaction is expected to close in mid-October and is subject to regulatory approval, tag-along rights and approval of the other member of CGS, as well as customary closing conditions and purchase price adjustments. Upon closing, EVEP intends to use the net proceeds of the disposition to repay amounts outstanding under its revolving credit facility.

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