BPL to Acquire BGH For 32% Premium (BGH, BPL)

Buckeye Partners (BPL) and Buckeye GP Holdings (BGH) have agreed to an all equity transaction. BPL will get 100% ownership of BGH, converting each BGH unit into 0.705 BPL units. BGH is BPL's general partner with no physical assets. Goldman Sachs says, "We believe BPL’s decision to purchase BGH will bring BPL’s cost of capital back into balance.' Learn how to find the best stocks to trade each day in our 70 page E-Book and 90 minute online video for free.