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Fly News Breaks for May 15, 2019
BPL
May 15, 2019 | 09:14 EDT
As previously reported, Argus analyst William Selesky downgraded Buckeye Partners to Sell after last week's announcement that it would be acquired by IFM Investors at 27.5% premium relative to the stock's prior closing price. The analyst adds that while the company could be an attractive acquisition target for other infrastructure and energy firms, he does not anticipate a higher offer to emerge.
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