Merger fever swept through the downstream sector of the energy industry last week with four new combinations announced and three others approved by FERC. It was one of the hottest weeks yet for corporate marriages and many observers still believe it’s only the beginning.
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CMS Adds Midstream and Downstream Assets
CMS Gas Transmission and Storage Co., the new pipeline division of the Michigan utility, continued to grow last week as its subsidiary CMS Continental Natural Gas purchased Anson Gas Marketing and the Midcontinent Gas Pipeline from Chesapeake Energy Marketing. Terms of the transaction were not disclosed.
June 14, 1999
CMS Adds Midstream and Downstream Assets
CMS Gas Transmission and Storage Co. continued its activitybinge Wednesday as its subsidiary CMS Continental Natural Gaspurchased Anson Gas Marketing and the Midcontinent Gas Pipelinefrom Chesapeake Energy Marketing. Terms of the transaction were notdisclosed.
June 10, 1999
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