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Contracts & tenders

Hedge funds make rival takeover bid for Martin Midstream

Hedge funds Nut Tree Capital Management and Caspian Capital said they have made an offer for Martin Midstream Partners, aiming to scuttle a bid from the largest shareholder to buy it out says Reuters.

 
 
 
 
 
 
 
 
 
 
 

Phillips 66 to sell 25% stake in Rockies Pipeline

Phillips 66 said it would sell its 25% stake in the Rockies Express Pipeline for about US$1.28 billion, including debt, to a subsidiary of Tallgrass Energy, according to Reuters.