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Stock Market & Financial Investment News

News Breaks
July 29, 2014
19:35 EDTWLKPWestlake Chemical Partners 11.25M share IPO priced at $24.00
The deal priced above its $22.00-$23.00 range. Barclays and UBS acted as joint book running managers for the offering.
News For WLKP From The Last 14 Days
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August 4, 2015
07:25 EDTWLKPWestlake Chemical Partners reports Q2 EPS 39c, consensus 39c
Reports Q2 revenue $251.70M, consensus $266.32M.
July 28, 2015
17:00 EDTWLKPWestlake Chemical Partners criticizes proposed MLP regulations
Westlake Chemical Partners (WLKP) submitted comments in response to the proposed regulations that were issued on May 5 by the Internal Revenue Service and the U.S. Department of Treasury concerning section 7704d1E of the Internal Revenue Code. In conjunction with filing its comments, Westlake Chemical Partners said, "The proposed regulations effectively revoke a previously issued private letter ruling by the IRS, which served as the underlying basis for the decision to form WLKP as a master limited partnership in 2014. Westlake Chemical Partners believes this reversal, even with a ten-year transition period, is unfair to our unitholders and sends an unfortunate message to investors and businesses that they cannot rely on IRS rulings. Additionally, this proposed ruling has already had a significant negative impact on the market value of both WLKP and Westlake Chemical (WLK)."

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