Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Kinetik (KNTK) just unveiled an announcement.
Kinetik Holdings Inc. has finalized its acquisition of Durango Permian, LLC from Durango Midstream LLC, an affiliate of Morgan Stanley Equity Partners, for approximately $765 million. The deal includes a mix of cash, common units, and shares, with additional shares to be issued in the future. Additionally, the seller could receive a $75 million earn out depending on the success of a specific project. As part of the agreement, the seller obtains certain rights including appointing a board observer and rights related to the resale of the acquired securities.
See more data about KNTK stock on TipRanks’ Stock Analysis page.
