Phillips 66 Offers to Buy DCP Midstream in $3.1 Billion Cash Deal
Transaction Type
Sellers
Buyers
Announce Date
Post Date
Close Date
Estimated Price
$3,290.0MM
Description
Acquired increased stake in DCP Midstream through a merger of existing JVs owned with Enbridge that includes the selldown of interests and relinquish of operatorship in the Gray Oak Pipeline LLC in the Permian Basin; includes $400 MM cash payment.