Crestwood Midstream Partners LP said it would acquire privately held Arrow Midstream Holdings LLC for $750 million to tap demand for pipeline and storage services in North America's fast-developing Bakken shale field. The deal is expected to add to Crestwood's estimated distributable cash flow per limited partner unit in 2014, the company said.
Crestwood Midstream Partners LP owns, operates, acquires and develops midstream energy assets. Shares of CMLP remained unchanged at $22.92. In the past year, the shares have traded as low as $21.03 and as high as $26.01. On average, 425489 shares of CMLP exchange hands on a given day and today's volume is recorded at 0.
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