Shell Pipeline Makes Offer for Remaining Units of Shell Midstream Partners
February 11 2022 - 1:17PM
Dow Jones News
By Kyle Morris
Shell Pipeline Company LP said Friday that it has made a
nonbinding offer for all remaining common units in Shell Midstream
Partners LP for $12.89 a unit in cash.
The company said the proposed transaction simplifies the
governance of Shell Midstream Partners assets, reduces costs, and
provides flexibility to optimize the pipeline portfolio.
Shell and its affiliates currently own around 68.5% of Shell
Midstream Partners' common units.
There can be no assurance that any transaction will materialize,
it said.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
February 11, 2022 13:02 ET (18:02 GMT)
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