DT Midstream Inc

NYSE:DTM   4:00:00 PM EDT
-1.44 (-2.46%)
Other Pre-Announcement

Dt Midstream Increases Ownership In Millennium Pipeline

Published: 09/29/2022 13:38 GMT
DT Midstream Inc (DTM) - Reases Ownership in Millennium Pipeline.
Immediately Accretive Transaction.
Co to Acquire an Additional 26.25% Ownership Interest in Millennium Pipeline for About $552 Million in Cash.company Expects an Incremental Adjusted EBITDA Contribution of $12 to $14 Million in 2022 From the Transaction.
Upon Closing, Deal Will Bring Dt Midstream's Total Ownership in Millennium Pipeline to 52.50%.