Hess Midstream announced the commencement of an underwritten public offering of an aggregate of 10M Class A shares representing limited partner interests in HESM by an affiliate of Global Infrastructure Partners, a part of BlackRock. HESM will not receive any proceeds from the sale of Class A shares in the offering. Goldman Sachs & Co. is acting as the bookrunning manager of the offering.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HESM:
- Hess Midstream LP price target raised to $42 from $40 at Wells Fargo
- Hess Midstream Sports a 7% Dividend Yield and Is On CVX’s Radar
- Hess Midstream’s Earnings Call Highlights Robust Growth
- Hess Midstream price target raised to $48 from $45 at Raymond James
- Hess Midstream LP Reports Strong Q4 Earnings Growth