Market Commentary and Intraday News
Exterran Holdings sells assets to partnership
653 days agoGet Ready for Dow 31,000--free Report reveals what to do NOW
Select stocks are about to post explosive gains of 300%, 400%, 500% and more. Investors who make the right moves now will become extremely rich. Which stocks will explode higher in value? And most importantly, how can you get in on this once-in-a-lifetime, wealth-building opportunity? My astonishing report names the stocks that could multiply your money up to seven times over as the Dow more than doubles over the next three years.
(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 This material may not be published, broadcast, rewritten or redistributed.