Crestwood Equity Partners (CEQP) Misses Q1 EPS by 5c
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Crestwood Equity Partners (CEQP), Crestwood Midstream (CMLP) Enter Merger Agreement
May 6, 2015 7:19 AM EDTCrestwood Equity Partners (NYSE: CEQP) and Crestwood Midstream Partners LP (NYSE: CMLP) announced the signing of a definitive agreement to merge the two partnerships and simplify Crestwoods corporate structure into a single publicly-traded partnership with a consolidated enterprise value of approximately $7.5 billion.
Under the terms of the merger agreement, which has been unanimously approved by the boards of directors of Crestwood Equity and Crestwood Midstream, based on the unanimous approval and recommendation of their respective conflicts committees, which each consisted entirely of independent directors, Crestwood... More
