In the News

February 2017, Vol. 244, No. 2

DCP Midstream Partners to buy assets of Philips-Spectra joint venture DCP Midstream Partners LP has acquired the assets of a joint venture between Phillips 66 and Spectra Energy Corp to create the largest natural gas liquids (NGL) producer and gas processor in the United States. The combined company, which has an enterprise value of $11 billion, will be renamed DCP Midstream LP and will trade with the ticker symbol “DCP” on the New York Stock Exchange.(See Projects). The deal simplifies the company’s corporate structure, said Wouter van Kempen, CEO of DCP Midstream and DPM. DPM…

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