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Chancery Blocks Blue Racer IPO In EnCap-Williams Battle

By Jeff Montgomery (September 25, 2019, 9:43 PM EDT) -- The Delaware Chancery Court on Wednesday plugged up pipeline company Blue Racer Midstream LLC's planned $600 million to $750 million initial public offering, finding that the venture's private equity backers cannot get around contract terms that give The Williams Cos. blocking rights....

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