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Stock Market & Financial Investment News

News Breaks
July 30, 2014
16:56 EDTFISHMarlin Midstream purchases Transloader from NuDevco for $7.4M
Marlin Midstream announced that it has entered into a definitive agreement with its sponsor NuDevco Midstream Development for the purchase of the East New Mexico Transloading Facility for approximately $7.4M. The purchase of the East New Mexico Transloading Facility is expected to close on August 1 and will immediately begin contributing to the partnership's distributable cash flow. The $7.4M purchase price will be paid 75% in cash and the remaining 25% will be in the form of FISH Common Units issued to NuDevco. Assets acquired by Marlin as part of this transaction include one skid transloader that is expected to generate approximately $1.4M in annual distributable cash flow.
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