Williams, P-E firm weigh takeover bid for Noble Midstream - Bloomberg

|About: Noble Midstream Partners LP (NBLX)|By:, SA News Editor

Noble Midstream Partners (NBLX +3.9%) pops following a Bloomberg report that Williams Cos. (WMB -5.2%) is working with Global Infrastructure Partners on a possible takeover the Noble Energy (NBL -1%) midstream unit.

NBLX last Friday reported weaker than forecast Q2 earnings but a 29% Y/Y increase in revenues to $158M, and CEO Terry Gerhart said in the company's earnings conference call that a strategic review "remains a priority."

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