Magellan Midstream Partners (MMP -0.3%) agrees to acquire ~800 miles of refined petroleum...

|About: Magellan Midstream Partners... (MMP)|By:, SA News Editor

Magellan Midstream Partners (MMP -0.3%) agrees to acquire ~800 miles of refined petroleum products pipeline from Plains All American Pipeline (PAA +0.3%) for $190M. MMP expects the acquisition to be immediately accretive to its distributable cash flow per unit.