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Loews Corporation (L)

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  • Aug. 11, 2014, 11:54 AM
  • Aug. 17, 2012, 4:28 AM
    Boardwalk Pipeline Partners (BWP) and Boardwalk Pipelines Holding (BPHC), a unit of BWP's general partner, Loews Corp (L), form a JV to acquire pipeline company PL Midstream for $625M. The JV is acquiring PL Midstream from closely held PL Logistics, with the deal representing a foray into the natural gas liquids business. BWP will own 33% of the JV and BPHC 67%. (PR)
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Company Description
Loews Corpthrough its subsidiaries is engaged in commercial property & casualty insurance, operation of offshore oil & gas drilling rigs, production of natural gas and liquids, operation of interstate natural gas pipeline and operation of hotels.