DT Midstream dips on $1.2 bln acquisition of pipelines

DT Midstream

19/11/2024 21:19

** Shares of DT Midstream  DTM.N , an operator of natural
gas pipelines, down 3% after market
    ** Co to buy three natural gas transmission pipelines from
ONEOK  OKE.N  for $1.2 bln
    ** Deal will be financed via a combination of equity and
debt, DTM says
    ** OKE shares flat in extended trade
    ** DTM shares have gained 86% YTD, while OKE is up 60% 

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com))