Return to ads
All categories
Teppco

Teppco

Posted by
Posting ads for 48 years
(Adds comments from conference call and analyst, adds details.) NEW YORK (Dow Jones)--Enterprise Products Partners LP (EPD) said Monday that it plans to buy Teppco Partners LP (TPP) in a $3.3 billion deal that would form what the companies called the largest publicly traded energy partnership.

The move comes after Teppco in April rejected a $2.8 billion proposal from Enterprise that would have combined the oil-and-gas pipeline companies, which are both linked to Houston billionaire Dan Duncan.

The proposed merger "provides a larger footprint and better geographic and business diversification" for ...



http://online.wsj.com/article/BT-CO-20090629-709024.html
Reply to this ad
Recently viewed ads
Saved ads
Please log in to browse your saved adverts or sign up if you don't have an account yet.
Popular Stuff