June 2019, Vol. 246, No. 6

Global News

Buckeye Partners to Be Acquired for $10.3 Billion

Buckeye Partners, which owns and operates one of the largest diversified networks of integrated midstream assets in North America, has agreed to be acquired by IFM Investors in an all-cash transaction with an enterprise value of $10.3 billion. Under the definitive agreement, IFM’s Global Infrastructure Fund will acquire all of the outstanding public common units of Buckeye for $41.50 per common unit.  The price represents a 27.5% premium to Buckeye’s closing unit price on Thursday and a 31.9% premium to its volume-weighted average unit price since Buckeye announced a series of strategic actions to strengthen its financial position last November.  The merger, which was unanimously approved

Log in to view this article.

Not Yet A Subscriber? Here are Your Options.

1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Pipeline & Gas Journal magazine.

2) Start your full access subscription to Pipeline & Gas Journal and gain UNLIMITED access to this article, the current issue, all past issues in the technical archive, access to all special reports, special focus supplements and more. Pricing start at $395/year.   

*Access will be granted the next business day.


Related Articles


{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}