|Bid||40.96 x 1400|
|Ask||40.97 x 800|
|Day's Range||40.85 - 40.97|
|52 Week Range||25.71 - 42.65|
|Beta (3Y Monthly)||0.93|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 1, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||3.00 (8.82%)|
|1y Target Est||38.55|
“As a private company, we will have access to the resources and long-term commitment needed to better pursue new capital investment in existing assets and targeted acquisition opportunities as our sector continues to evolve, including further geographic and product diversification,” the CEO said of the deal.
NEW YORK , May 15, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Buckeye Partners, L.P. ("Buckeye ...
NEW YORK , May 15, 2019 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...
Moody's Investors Service ("Moody's") placed Buckeye Partners, L.P.'s (Buckeye) Baa3 senior unsecured rating and Ba1 junior subordinated notes rating on review for downgrade. "The review for downgrade will evaluate the possibility that Buckeye's leverage will increase and the financial policy become less conservative once the going private transaction closes, among other considerations" said Arvinder Saluja, Moody's Vice-President.
BALA CYNWYD, PA / ACCESSWIRE / May 10, 2019 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Buckeye Partners, L.P. ("Buckeye" ...
Master limited partnerships and energy infrastructure sector-related exchange traded funds stood out Friday after Australian-based IFM Investors agreed to buyout Buckeye Partners (NYSE: BPL) for $6.5 billion. ...
Buckeye Partners (NYSE:BPL) announced that the company is being bought out by IFM Investors, which played a role in BPL stock skyrocketing more than 25% on Friday.The Houston, Texas-based business said today that it will be acquired in an all-cash deal that has an enterprise value of $10.3 billion, as well as equity value of $6.5 billion. The move will see IFM pay Buckeye roughly $41.50 per the latter's unit, which amounts to about a 27.5% premium over Buckeye's closing unit price on May 9.This amount also tallied up to roughly a 31.9% premium over its volume-weighted average unit price since Nov. 1, which is the last trading that transpired before Buckeye said it was weighing strategic options. Buckeye's portfolio includes a network of integrated midstream assets.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis network has 6,000 miles of pipeline that includes over 100 delivery locations, as well as 115 liquid petroleum products terminals with aggregate tank capacity that surpasses the mark of 118 million barrels. The company's network of marine terminals can be mostly found in the East Coast, as well as the Gulf Coast regions and the Caribbean.Buckeye has close to 2,000 employees located around the U.S. and it has a number of subsidiaries across the nation.BPL stock is up roughly 28.1% on Friday following the news, bringing the stock price of the company to $41.70 per share. Nevertheless, shares are down roughly 22% throughout the last 12 months through Thursday. More From InvestorPlace * 10 Great Stocks to Buy on Dips * 7 Dangerous Dividend Stocks to Stay Far Away From * 7 Cloud Stocks to Buy on Overcast Days Compare Brokers The post Buckeye Partners News: BPL Stock Skyrockets on Buyout appeared first on InvestorPlace.
NEW YORK, May 10, 2019 -- Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Buckeye Partners, L.P. (NYSE: BPL) on behalf of.
WILMINGTON, Del., May 10, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: EMC Insurance Group, Inc. (NASDAQ GS: EMCI) regarding possible breaches of.
IFM Investors, a global institutional funds manager, plans to acquire Houston-based master limited partnership Buckeye Partners LP (NYSE: BPL) in a multibillion-dollar all-cash deal. IFM Global Infrastructure Fund will acquire Buckeye for $41.50 per common unit, according to a May 10 press release.
NEW YORK, May 10, 2019 -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating whether the sale of Buckeye Partners, L.P. (“Buckeye” or the.
Buckeye Partners (BPL) surpasses Q1 revenue estimates. Today, it enters into a deal, under which the IFM Global Infrastructure Fund will acquire all outstanding public common units of the firm.
WILMINGTON, Del., May 10, 2019 -- Rigrodsky & Long, P.A.: Do you own units of Buckeye Partners, L.P. (NYSE: BPL)?Did you purchase any of your units prior to May 10,.
NEW YORK, May 10, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Buckeye Partners, L.P. (“Buckeye” or.
Asset manager IFM Investors will acquire pipeline operator Buckeye Partners LP in an all-cash deal for $6.5 billion, they said in a joint statement on Friday. Under the terms of the deal, Buckeye shareholders will get $41.50 per common unit held. This represents a 27.5 percent premium to Buckeye's closing price on Thursday.
Buckeye Partners L.P. said Friday it has agreed to be acquired by IFM Investors in an all-cash deal with an enterprise value of $10.3 billion and equity value of $6.5 billion. IFM will pay $41.50 per Buckeye unit, equal to a 27.5% premium over Buckeye's closing unit price on May 9, and a 31.9% premium over its volume-weighted average unit price since Nov. 1, the last trading before Buckeye said it was weighing strategic options. Buckeye owns a network of integrated midstream assets, including 6,000 miles of pipeline with over 100 delivery locations and 115 liquid petroleum products terminals with aggregate tank capacity of over 118 million barrels. The company's network of marine terminals is located mostly in the East Coast and Gulf Coast regions and the Caribbean. Buckeye shares jumped 27% on the news, but are down 22% in the last 12 months through Thursday, while the S&P 500 has gained 5.4%.
HOUSTON, May 10, 2019 -- Buckeye Partners, L.P. (“Buckeye”) (NYSE: BPL) today reported its financial results for the first quarter of 2019. Net income attributable to Buckeye.
IFM Investors and Buckeye Partners, L.P. (NYSE: BPL) today announced a definitive agreement ("Agreement") under which the IFM Global Infrastructure Fund will acquire all of the outstanding public common units of Buckeye for $41.50 per common unit. Buckeye’s Board of Directors unanimously approved the proposed transaction with IFM. The closing of the merger will be subject to approval of a majority of the Buckeye unitholders, certain regulatory approvals and other customary closing conditions.