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home / news releases / BP - BP Midstream Partners Merger - Good Deal For BP Fair For Partners

BP - BP Midstream Partners Merger - Good Deal For BP Fair For Partners

BP p.l.c.
  • BP plc has offered to acquire its pipeline MLP, BP Midstream Partners for $13.01 in BP stock.
  • I expect the final agreed offer to be closer to $14 based on comparable takeovers.
  • It's a great deal for BP, having spun off the MLP at $18 in 2018. BPMP limited partners get a lower-yielding stock but with better growth prospects.

For further details see:

BP Midstream Partners Merger - Good Deal For BP, Fair For Partners
Stock Information
Company Name: BP p.l.c.
Stock Symbol: BP
Market: NYSE
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