- Magnum Hunter Resources (MHR) says it is bringing in Morgan Stanley as a partner in its Eureka Hunter natural gas gathering subsidiary in the Marcellus and Utica shale fields, giving the two co-ownership in the business valued at $1B.
- Morgan Stanley Infrastructure (MS) agrees to pay $65M to MHR for a 6.5% stake and will buy ArcLight Capital Partners' 41% stake in the business for an unspecified amount.
Morgan Stanley takes stake in Magnum Hunter pipeline asset
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| Symbol | Last Price | % Chg |
|---|---|---|
| MHRCQ | - | - |
| Magnum Hunter Resources Corp. | ||