Western Midstream Finalizes $1.6B Brazos Delaware Acquisition
Summary
Western Midstream Partners announced the closing of its acquisition of Brazos Delaware II. This follows the definitive agreement for the $1.6 billion acquisition, which was initially announced on May 6th. The closing finalizes a significant expansion of the company's footprint and operations within the Delaware Basin.
At the time of this announcement, WES was trading at $43.94 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $17.3B. The 52-week trading range was $36.90 to $48.01. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.