Phillips 66 to buy remaining stake in partnership for $3.4 billion

Phillips 66 Mergers and Acquisitions Summary | Mergr

 

Phillips 66 says it’s buying the remaining units of Phillips 66 Partners that it does not already own in a $3.4 billion deal announced Wednesday.

The refiner, reported Reuters, intends to simplify its governance and corporate structure.

Click here for Reuters.

 

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