5 Firms Steer $10.3B Deal For Midstream MLP Buckeye
Law360 (May 10, 2019, 10:07 AM EDT) -- Institutional fund manager IFM said Friday it will snap up midstream logistics-focused master limited partnership Buckeye in a $10.3 billion deal shaped by White & Case, Baker Botts, Paul Hastings, Cravath and Vinson & Elkins.
News of the deal comes after Houston-based Buckeye Partners LP in November announced a pair of divestitures together worth $1.4 billion in order to shore up its financial flexibility and focus on growth opportunities following a strategic review.
The MLP believes that given what it gleaned from its recent strategic review, an acquisition by IFM Investors’ IFM Global Infrastructure Fund is in its best interest, according...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!