Enterprise To Acquire Piñon Midstream For $950M In Cash Consideration
Portfolio Pulse from Benzinga Newsdesk
Enterprise Products Partners L.P. is set to acquire Piñon Midstream for $950 million in cash. This acquisition is expected to enhance Enterprise's midstream capabilities and expand its asset base.
August 21, 2024 | 11:05 am
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Enterprise Products Partners L.P. is acquiring Piñon Midstream for $950 million in cash, which is likely to enhance its midstream capabilities and expand its asset base.
The acquisition of Piñon Midstream for $950 million is a significant move for Enterprise Products Partners L.P., as it will likely enhance its midstream capabilities and expand its asset base. This strategic acquisition is expected to positively impact EPD's stock price in the short term.
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