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Crestwood Midstream Partners (CMLP) acquires the 65% interest it doesn't already own in its...
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Tuesday, January 8, 12:12 PM ETCrestwood Midstream Partners (CMLP) acquires the 65% interest it doesn't already own in its Marcellus Shale JV with Crestwood Holdings for $258M. The transaction is expected to be 7%-8% accretive to CMLP's 2013 distributable cash flow, and is funded with $129M drawn on CMLP's existing revolving credit facility and ~6.2M new Class D units issued to Crestwood Holdings.
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