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Enbridge said a subsidiary agreed to acquire Tallgrass Energy's crude oil business for $2.55 billion in cash. Enbridge shares were trading down 2.2% at $49.05 after the bell Wednesday.
Enbridge said a subsidiary agreed to acquire Tallgrass Energy's crude oil business for $2.55 billion in cash. Shares of Enbridge were trading down 2.2% at $49.05 after the bell Wednesday.
Enbridge said it agreed to acquire Tallgrass Energy’s crude oil business from Blackstone for US$2.55B in cash. The business includes a 75% stake in the Pony Express pipeline and 8.4M barrels of storage capacity across nine crude terminals.
ENBRIDGE - TO BUY 75% OF PONY EXPRESS PIPELINE