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Google Market NewsOct 26, 2021
Democrats haggle as deal comes into focus - The Hill
Democrats haggle as deal comes into focus  The HillView Full Coverage on Google News

MarketWatch MarketPulseOct 26, 2021
Oasis Midstream rises on buyout deal from Crestwood Equity
Oasis Midstream Partners LP shares rose 5% on Tuesday after the pipeline company said it agreed to be acquired by Crestwood Equity Partners LP in a deal valued at $1.8 billion, including debt. The payment includes $160 million in cash plus 33.8 million shares of newly issued Crestwood common units, with plans to close in the first quarter. Crestwood shares fell about 2%. Houston-based Crestwood said the deal will add to its leading position in the Williston Basin. Crestwood said it expects to realize about $45 million in commercial and cost reduction synergies. It also expects to capture more than $20 million in incremental annual cash flow over the next several years by integrating Crestwood and Oasis Midstream pipelines.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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