Phillips 66 completes acquisition of DCP Midstream, LP common units
6/15/2023
Phillips 66 and DCP Midstream, LP completed the previously announced acquisition by Phillips 66 of all the publicly held common units representing limited partner interests in DCP Midstream for $41.75 per common unit in cash at a total value of approximately $3.8 B, increasing its economic interest in DCP Midstream to 86.8%.
Effective with the opening of markets today, DCP Midstream’s common units will no longer be listed on the New York Stock Exchange.
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