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ConocoPhillips Plans To Sell Its Stakes In Two U.S. Oil Pipeline Operators

published November 22, 2011

By Author - LawCrossing
Published By
( 1 vote, average: 2.4 out of 5)
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11/22/11

ConocoPhillips Plans To Sell Its Stakes In Two U.S. Oil Pipeline Operators
To increase capital and perk up shareholder value, ConocoPhillips plans to sell its stakes in two U.S. oil pipeline operators for $2 billion deal. The firm has agreed to sell its 50 percent interest in the Seaway Crude Pipeline Company to Houston-based Enbridge Holdings for $1.15 billion. Wachtell, Lipton, Rosen & Katz is advising ConocoPhillips on the matter of its refining business to shareholders. Morgan, Lewis & Bockius will advise the firm on the Enbridge sale. Enbridge has turned to Fulbright & Jaworski team for the matter.

published November 22, 2011

By Author - LawCrossing
( 1 vote, average: 2.4 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.

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