DCP Midstream (DPM) Prices 4.75M Offering at $47.42/Unit

DCP Midstream Partners, LP (NYSE: DPM) has priced an underwritten public offering of 4,750,000 common units representing limited partner interests at $47.42 per common unit. The offering is expected to close on March 7, 2011. The Partnership also granted the underwriters a 30-day option to purchase up to 712,500 additional common units.

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