RBC Capital Downgrades DCP Midstream Partners (DPM) to Sector Perform
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DCP Midstream, LLC and DCP Midstream Partners, LP Combine to Form the Largest NGL Producer and Gas Processor in the U.S. with an Enterprise Value of $11 Billion, and Announces Multiple New Growth Proj
January 4, 2017 6:30 AM ESTDENVER, Jan. 04, 2017 (GLOBE NEWSWIRE) -- DCP Midstream, LLC (Midstream), a 50/50 joint venture between Phillips 66 and Spectra Energy (Owners), and DCP Midstream Partners, LP (NYSE: DPM), today announced that they have signed and closed a transaction combining all of the assets and debt of Midstream with DPM (Transaction), simplifying the corporate structure and creating the largest natural gas liquids (NGL) producer and gas processor in the United States. On January 23, 2017, the combined company will be renamed DCP Midstream, LP and the New York Stock Exchange stock ticker symbol will be changed to DCP.
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