IFM Global Infrastructure Fund and Buckeye Partners (BPL) merger information including expected completion date and offer price are displayed in the deal information table below.
This deal was successfully consummated on November 1, 2019
| Merger Details | Value |
|---|---|
| Acquisition Target Stock Name | Buckeye Partners |
| Acquisition Target Stock Ticker | BPL |
| Acquirer Stock Name | IFM Global Infrastructure Fund |
| Announcement Date | May 10, 2019 |
| Expected Completion Date | December 31, 2019 |
| Offer Price | $41.50 |
| Payment Method | All Cash Deal |
| Actual Completion Date | November 1, 2019 |
The major Buckeye Partners (BPL) merger news updates & events are listed below. An invaluable data source for traders & investors looking to familiarize themselves with the IFM Global Infrastructure Fund takeover of Buckeye Partners (BPL) and trade the merger arbitrage spread. Following the acquisition news and events section, there is in-depth company profile. For more proprietary Merger Arbitrage Limited content and analysis on the Buckeye Partners (BPL) buyout, follow this link Buckeye Partners (BPL). Change the ticker symbol as required to access news and acquisition details of additional merger stocks. The current merger arbitrage spread is available on our Spread Tracker page.
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Buckeye Partners (NYSE: BPL) Merger - Acquisition News and Events
Buckeye Partners Company Profile
Buckeye Partners, L.P. (NYSE: BPL) owns and operates liquid petroleum products pipelines in the United States and internationally. The company operates through three segments: Domestic Pipelines & Terminals, Global Marine Terminals, and Merchant Services. The Domestic Pipelines & Terminals segment transports liquid petroleum products, including gasoline, jet fuel, and various distillates. This segment also provides crude oil services, including train loading/unloading, storage, and throughput; and turn-key operations and maintenance, asset development, and construction services for third-party pipeline, terminal, and energy assets, as well as operates and/or maintains third-party pipelines.
It owns and operates approximately 6,000 miles of pipeline located primarily in the northeastern and upper midwestern portions of the United States, and services 100 delivery locations; 110 active terminals that provide bulk storage and throughput services with aggregate storage capacity of 55 million barrels; and 2 underground propane storage caverns. The Global Marine Terminals segment provides marine accessible bulk storage and blending, rail and truck rack loading/unloading, and petroleum processing services located primarily in the East Coast and Gulf Coast regions of the United States, as well as in the Caribbean. This segment owns and operates seven liquid petroleum products and crude oil terminals.
The Merchant Services segment is involved in the wholesale distribution of refined petroleum products, including gasoline, natural gas liquids, propane, ethanol, and biodiesel, as well as petroleum distillates, such as heating oil, diesel fuel, kerosene, and fuel oil. This segment also provides fuel oil supply, butane, and distribution services. Buckeye GP LLC serves as the general partner of the company. Founded in 1886, Buckeye Partners, L.P. was and is based in Houston, Texas.
