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Stock Market & Financial Investment News

News Breaks
January 29, 2013
17:12 EDTEXLPExterran Partners increases dividend 0.5c to 51.25c
Exterran Partners announced a cash distribution of 51.25c per limited partner unit, or $2.05 per limited partner unit on an annualized basis, payable on Feb. 14 to unitholders of record at the close of business on Feb. 8. The Q4 2012 distribution covers the period from Oct. 1, 2012 through Dec. 31, 2012. The distribution to be paid in February 2013 is 0.5c higher than the Q3 of FY12 distribution of 50.75c per limited partner unit and 2c higher than the Q4 of FY11 distribution of 49.25c per limited partner unit.
News For EXLP From The Last 14 Days
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April 20, 2015
07:06 EDTEXLPExterran Partners acquires compression assets from Exterran Holdings for $102.3M
Exterran Holdings, Inc. (EXH) and Exterran Partners, L.P. (EXLP) announced that Exterran Partners has acquired assets from Exterran Holdings for consideration valued at $102.3M, including customer contracts serving 60 customers together with 244 compressor units used to provide compression services under those contracts. Those compressor units represent approximately 151,000 horsepower of compression and approximately 4 percent of the combined U.S. contract operations business of Exterran Holdings and Exterran Partners. In addition, the acquisition includes 179 compressor units comprising approximately 66,000 horsepower previously leased from Exterran Holdings to Exterran Partners. The consideration paid to Exterran Holdings’ affiliates consisted entirely of Exterran Partners’ equity, composed of 3,963,138 common units and 80,341 general partner units. The transaction was approved by the conflicts committee of the board of directors of Exterran Partners’ managing general partner. The conflicts committee, which is composed entirely of independent directors, retained independent legal and financial advisors to assist it in evaluating the transaction.

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