May 10, 2019 / 1:04 PM / 2 months ago

IFM Investors to acquire midstream operator Buckeye Partners for $6.5 bln

May 10 (Reuters) - Asset manager IFM Investors will acquire pipeline operator Buckeye Partners LP for $6.5 billion, they said in a joint statement on Friday.

Under the terms of the deal, Buckeye shareholders will get $41.50 per common unit held. (Reporting by Debroop Roy in Bengaluru; Editing by Shailesh Kuber)

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