ConocoPhillips Plans To Sell Its Stakes In Two U.S. Oil Pipeline Operators
To increase capital and perk up shareholder value, ConocoPhillips plans to sell its stakes in two U.S. oil pipeline operators for $2 billion deal. The firm has agreed to sell its 50 percent interest in the Seaway Crude Pipeline Company to Houston-based Enbridge Holdings for $1.15 billion. Wachtell, Lipton, Rosen & Katz
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ConocoPhillips Plans to Sell Its Stakes in Two U.S. Oil Pipeline Operators
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