Buckeye purchase of magellan terminals

Author: kphs

August undefined, 2024

WebOur terminal assets facilitate domestic and global flows of crude oil and refined petroleum products, offering our customers connectivity between supply areas and market centers through some of the world’s most important bulk liquid storage and blending hubs. WebPursuant to an Equity Purchase Agreement dated June 9, 2024, Buckeye will acquire 26 LLP terminals from Magellan for approximately $435 million (the “Acquisition”). ... likely anticompetitive effects alleged in the Commission’s Complaint by requiring Buckeye to divest the Magellan terminals and all associated assets (the “Terminal ...

Magellan Midstream sells terminals to Buckeye Partners …

WebJan 22, 2024 · Magellan Midstream Partners announced an agreement to sell three marine terminals to Buckeye Partners, L.P. for $250 million. The terminals are located in New Haven, Connecticut, Wilmington, Delaware and Marrero, Louisiana. ... Magellan intends to purchase its common units from time-to-time through a variety of methods, including … WebJan 22, 2024 · New York — Magellan Midstream Partners will sell three of its six US marine terminals for $250 million to fellow pipeline operator Buckeye Partners as it sheds its US Atlantic Coast assets to focus on Texas marine operations. michele clark school

Buckeye Partners to acquire terminals network from …

WebMagellan Midstream Partners announced Thursday that it is selling its independent terminals network. Rhett Morgan Rhett Morgan Tulsa-based Magellan Midstream Partners, L.P. announced Thursday... WebJun 11, 2024 · Magellan Midstream Partners, L.P. MMP recently inked a deal to offload its independent terminals network, which includes 26 refined petroleum product terminals with a total storage capacity... the new corvette

Buckeye Partners, L.P. completed the acquisition of independent ...

WebJun 13, 2024 · The Federal Trade Commission (FTC) announced a consent agreement requiring divestitures as a condition of Buckeye Partners, L.P.'s (Buckeye's) $435 million acquisition of 26 petroleum terminals from Magellan Midstream Partners, L.P. (Magellan). 1 Petroleum terminals are a component of the supply chain for gasoline, diesel, and jet … WebJun 11, 2024 · Earlier in April, Magellan Midstream announced completing the divestiture of its nearly 50% joint-venture membership interest in the Pasadena, TX-based marine terminal MVP Terminalling, LLC to... the new corsaWebOct 31, 2024 · Buckeye Partners, L.P. signed an agreement to acquire independent terminals network from Magellan OLP, L.P. for approximately $440 million on June 9, 2024. The sale is expected to close upon the receipt of required regulatory approvals. michele clark ihsa

"WebOct 31, 2024 · Buckeye Partners, L.P. signed an agreement to acquire independent terminals network from Magellan OLP, L.P. for approximately $440 million on June 9, 2024. The sale is expected to close upon the receipt of required regulatory approvals. " - Buckeye purchase of magellan terminals

Buckeye purchase of magellan terminals

Buckeye Partners’ $250 Million Acquisition of Marine Terminals

WebJan 22, 2024 · Magellan Midstream sells marine terminals to Buckeye Partners. Magellan Midstream Partners, L.P. announced today an agreement to sell three marine terminals to Buckeye Partners, L.P. … WebMay 12, 2024 · In mid-January 2024, Buckeye Parent agreed to acquire Magellan. As a result, Buckeye Parent would gain control of the Tanks, Magellan’s rights under the Lease, and the related easements. On January 23, 2024, Magellan notified GT that Buckeye Parent would acquire Magellan. In early February, Buckeye Parent and GT discussed …

Did you know?

WebJan 21, 2024 · TULSA, Okla., Jan. 21, 2024 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today an agreement to sell three marine terminals to Buckeye Partners, L.P. for $250... WebJun 2, 2024 · The Federal Trade Commission required energy pipeline and storage companies Buckeye Partners, L.P. and Magellan Midstream Partners, L.P. to divest to U.S. Venture, Inc. petroleum terminals in the two states as a condition of Buckeye’s $435 million proposed acquisition of 26 Magellan terminals.

WebJun 10, 2024 · (RTTNews) - Magellan Midstream Partners L.P. (MMP) said that it agreed to sell its independent terminals network comprised of 26 refined petroleum products terminals with about 6 million... WebBuckeye has an extensive network of terminals and pipelines in the New York Harbor area with over 18 million barrels of storage to facilitate the import, blending, storage and distribution of refined products to key demand markets throughout New York, New Jersey and Pennsylvania.

WebJun 11, 2024 · Jun 11, 2024 04:16AM EDT Shares of Magellan Midstream Partners ( MMP) gained 2.9% after the company inked a deal to sell its independent terminals network to Buckeye Partners for $435... WebJun 11, 2024 · Magellan Midstream has sold its network of independent terminals, located mainly in the southeastern US, to Buckeye Partners for US$435 million (€357.7 million). The 26 terminals have a combined capacity of 6 million bbl. The deal is …

WebJun 10, 2024 · Magellan Midstream Partners (NYSE: MMP) agrees to sell its independent terminals network to Buckeye Partners for $435M. The network consists of 26 refined petroleum products terminals with...

WebJan 21, 2024 · TULSA, Okla., Jan. 21, 2024 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today an agreement to sell three marine terminals to Buckeye Partners, L.P. for $250... the new corvette suvWebJan 24, 2024 · Magellan Midstream Partners, L.P. recently announced an agreement to sell three marine terminals to Buckeye Partners, L.P. for $250 million. The terminals are located in New Haven, Connecticut, Wilmington, Delaware, and Marrero, Louisiana. the new cosmos bookWebJun 10, 2024 · TULSA, Okla. — Magellan Midstream Partners LP announced June 10 an agreement to sell its independent terminals network comprised of 26 refined petroleum products terminals with approximately 6 million barrels of storage located primarily in the southeastern U.S. to Buckeye Partners LP for $435 million. the new costumeWebJan 21, 2024 · --Magellan Midstream Partners, L.P. announced today an agreement to sell three marine terminals to Buckeye Partners, L.P. for $250 million. The terminals are located in New Haven, Connecticut ... the new cosmopolitansWebAs announced in June 2024, Magellan agreed to sell its independent terminals network comprised of 26 refined petroleum products terminals with approximately 6 million barrels of storage located primarily in the southeastern U.S. to Buckeye for $435 million. michele cleary lawyerWebMar 31, 2024 · Buckeye, which bought the Wilmington terminal from Magellan in January 2024, argued that attaching hoses to ships to transfer petroleum products from tanker ships, through a pipeline, to its terminals, is not stevedoring. Magellan had also refused to pay the usage fee when it owned the terminal, saying it was not a stevedoring company. michele clarke democratic alliancehttp://www.magellanlp.com/magellannews.aspx?id=76DD7DDD-2B43-4059-AC0D-A884249AB464 the new cottage inn oldbury