The Online Investor
Daily M&A
Retiree Portfolio
Stock Option Ideas
Preferred Stock List

Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Wed., Oct. 22, 5:38 PM

Slide #3. Phillips 66 Partners LP Strategic Logistics Assets

Acquirer: Phillips 66 Partners LP (NYSE:PSXP)
Acquiree: Strategic Logistics Assets
Details: Phillips 66 Partners LP (NYSE:PSXP) (the "Partnership") has reached an agreement to acquire from Phillips 66 (NYSE:PSX) two newly constructed crude oil rail-unloading facilities, located in Linden, New Jersey, and Ferndale, Washington, for $330 million as well as certain assets associated with the Cross-Channel Connector Pipeline for an additional $10 million. The acquisition, which is anticipated to close in early December 2014, is expected to be immediately accretive to unitholders.

Phillips 66 Partners is a growth-oriented master limited partnership. Co. owns, operates, develops and acquires primarily fee-based crude oil, refined petroleum product and natural gas liquids (NGL) pipelines and terminals and other transportation and midstream assets. Co.'s assets consist of crude oil and refined petroleum product pipeline, terminal and storage systems in the Central and Gulf Coast regions of the U.S. that are integral to the Phillips 66 refining and marketing operations they support. Co.'s operations are conducted in the U.S.

Open the PSXP Page at The Online Investor »

Company Name:  Phillips 66 Partners LP
Sector:  Oil & Gas Equipment & Services
Number of ETFs Holding PSXP:  3
Total Market Value Held by ETFs:  $2.23M
Total Market Capitalization:  $2.58B
% of Market Cap. Held by ETFs:  0.09%

Open the PSXP Page at The Online Investor (in a new window) »

October 22, 2014    5:38 PM Eastern
Quotes delayed 20 minutes

Buy (2.83 out of 4)
33rd percentile
(ranked lower than approx. 67% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Mergers & Acquisitions | | Copyright © 1998 - 2014, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.