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2 Firms Drive $5.4B Deal Between Phillips 66 And Its MLP

By Benjamin Horney (July 26, 2019, 4:46 PM EDT) -- Phillips 66 on Friday unveiled a roughly $5.4 billion agreement that will see it shed the incentive distribution rights and general partner economic interests it owns in master limited partnership Phillips 66 Partners LP, in a deal shaped by Latham & Watkins and Vinson & Elkins....

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