Market Chatter: Blackstone-Backed Kinetik Explores Options Including Sale
MT Newswires Live
Yesterday
Kinetik Holdings (KNTK), a pipeline company owned partly by Blackstone (BX), is in the preliminary stages of exploring options, including a potential sale, Bloomberg reported Wednesday, citing people familiar with the matter.
Kinetik is in talks with advisers to prepare for a potential sale process that may occur within weeks, though the company might decide to remain independent, the report said.
Kinetik and Blackstone did not immediately respond to requests for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.