S&P 500
1950.82
+23.71 +1.23%
Dow Indu
16677.90
+216.58 +1.32%
Nasdaq
4453.05
+70.20 +1.60%
Crude Oil
81.86
+1.34 +1.67%
Gold
1232.745
-9.935 -0.80%
Euro
1.265115
+0.001715 +0.14%
US Dollar
85.859
+0.107 +0.14%
Strong

Market Commentary and Intraday News

Exterran Holdings sells assets to partnership

594 days ago

FUTURES Traders - 59¢ Commissions
Finally! A futures firm where all clients trade for the same ultra-low rate.
- No Brokers
- No Negotiating
Click Here

(AP:HOUSTON) Oil and natural gas services provider Exterran Holdings Inc. said Friday that it will sell some customer contracts for compressor services to Exterran Partners LP, a partnership in which it holds a major interest.

Exterran Holdings said it will get $174 million in shares from Exterran Partners, including 7.1 million common units and 145,000 general partner units.

It said the sale is designed to make Exterran Partners "the growth vehicle for our contract operations business in the United States."

The deal has been approved by the independent directors of Exterran Partners' board. The companies say the deal should close in March or April.

Shares of Exterran Holdings rose a penny to $26.58 in midday trading. Units of Exterran Partners gained 83 cents, or 3.5 percent, to $24.80.


Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

INO.com on Facebook INO.com MarketClub on Twitter INO.com on Google+ INO.com YouTube

© Copyright INO.com, Inc. All Rights Reserved.