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Stock Market & Financial Investment News

News Breaks
January 2, 2013
07:16 EDTPDHPetroLogistics upgraded to Buy from Hold at Stifel Nicolaus
Stifel Nicolaus upgraded PetroLogistics as the firm expects the propane-to-propylene spread to be wider than expected in coming months. The firm notes that a forecast of propylene prices for Q1 has indicated that the prices will be higher than previously expected. Target $15.50.
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July 16, 2014
09:33 EDTPDHFlint Hills Resources completes purchase of PetroLogistics
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July 15, 2014
15:00 EDTPDHPetroLogistics requests withdrawal of registration statement
The Co-Registrants are requesting the withdrawal of the Registration Statement because on May 27, the Partnership entered into an Agreement and Plan of Merger and Membership Interest Transfer Agreement, by and among Flint Hills Resources, FHR Propylene, the Partnership, PetroLogistics GP, and Propylene Holdings, pursuant to which Merger Sub will merge with and into the Partnership. Upon the consummation of the Merger, the Partnership will be an indirect subsidiary of Flint Hills. The Co-Registrants confirm that no securities were, or will be, sold pursuant to the Registration Statement.

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