Buckeye Partners went private Nov. 1 as IFM Investors’ Global Infrastructure Fund
closed its $10.3 billion acquisition. The transaction is the first take-private of a midstream
master limited partnership, according to Enverus’ M&A Database.
Outstanding limited partner unitholders will receive $41.50 per BPL unit.
Holders of a majority of Buckeye’s outstanding limited partner units endorsed
the deal on July 31 but took until late October to secure all regulatory approvals. Buckeye’s
general partner will not declare or pay a cash......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.