On the Record · Midcoast Energy Partners
Midcoast Energy Partners acquisitions, on the record
The businesses Midcoast Energy Partners bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
New Gulf Resources, LLC (NGR) midstream business in Leon, Madison and Grimes Counties, TexasWord for word“On February 9, 2015, we announced an agreement with New Gulf Resources, LLC, or NGR, to purchase NGR’s midstream business in Leon, Madison and Grimes Counties, Texas for $85.0 million.” 10-K for 2014 | agreed acquisition | February 9, 2015 | $85.0 million |
Additional 12.6% limited partner interest in Midcoast Operating, L.P. from EEPWord for word“On July 1, 2014, we acquired an additional 12.6% limited partner interest in Midcoast Operating from EEP for $350.0 million, which brought our total ownership interest in Midcoast Operating to 51.6%.” 10-K for 2014 | acquisition | July 1, 2014 | $350.0 million |
New Gulf Resources, LLC (NGR) midstream operations in Leon, Madison and Grimes counties, TexasWord for word“On February 27, 2015, we acquired from New Gulf Resources, LLC, or NGR, its midstream operations in Leon, Madison and Grimes counties, Texas.” 10-K for 2015 | acquisition | February 27, 2015 | — |
MEP's outstanding publicly held common units (Merger with MergerCo)Word for word“On January 26, 2017, we entered into the merger agreement with EECI, an indirect subsidiary of Enbridge Inc., whereby EECI will acquire, for cash, all of our outstanding publicly held common units at a price of $8.00 per common unit for an aggregate transaction value of $170.2 million.” 10-K for 2016 | agreed acquisition | On January 26, 2017 | $8.00 per common unit |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) |
|---|---|
| 2016-12-31 | $0 |
Deal filings since 2016
- 2017-04-28 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-01-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Midcoast Energy Partners’s annual reports (10-K for 2016, 10-K for 2015, 10-K for 2014) and the financial data it files with the SEC, as of 2017-02-16. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.