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home / news releases / BPL - Buckeye Partners: Bittersweet


BPL - Buckeye Partners: Bittersweet

May 10th must have been a rather exciting day for shareholders in Buckeye Partners L.P. (BPL). This is because shares of the midstream energy firm soared, closing up 28.3% after news broke that the company would be acquired in an all-cash deal by IFM Global Infrastructure Fund, a wholly-owned subsidiary of IFM Investors, at a premium of 27.5% over where units were trading at just one day earlier. This development is sure to make the company's investors feel vindicated, but one sad truth is that, even with the attractive premium received, the transaction

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Stock Information

Company Name: Buckeye Partners L.P.
Stock Symbol: BPL
Market: NYSE

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