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Stock Market & Financial Investment News

News Breaks
February 22, 2013
09:17 EDTMMP, PAAPlains All American to sell non-core assets to Magellan Midstream for $190M
Plains All American Pipeline (PAA) announced that it signed a definitive agreement to sell non-core refined product pipelines and related assets in the Rocky Mountain and New Mexico areas to Magellan Midstream Partners (MMP) for approximately $190M. The transaction is expected to close during the second quarter of this year, subject to the satisfaction of customary closing conditions. The assets to be sold include a pipeline system that delivers refined products throughout Wyoming, South Dakota and Colorado and associated tankage, as well as a pipeline system that delivers refined products from El Paso, Texas to Albuquerque, N.M. and Juarez, Mexico.
News For PAA;MMP From The Last 14 Days
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December 15, 2014
14:38 EDTMMPMagellan Midstream extends Saddlehorn open season to Jan. 30
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10:00 EDTMMPOn The Fly: Analyst Upgrade Summary
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09:00 EDTMMPMagellan Midstream upgraded at Argus
As noted earlier, Argus upgraded Magellan Midstream to Buy from Hold. The firm thinks that projects not yet included in the company's official capex plan should enable it to increase its distribution more quickly than previously expected. Argus thinks the long-term nature of Magellan's deals should mitigate the impact of falling oil prices. Target $90.
08:12 EDTMMPMagellan Midstream upgraded to Buy from Hold at Argus

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