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PetroLogistics Moving Up Following Acquisition At 8% Premium
Wednesday, May 28, 2014 - 8:14am | 189PetroLogistics (NYSE: PDH) shares are up almost 10 percent in Wednesday’s pre-market, after the company agreed to be acquired by Flint Hills Resources (a subsidiary of Koch Industries) for $14 per share. The CEO and two major investors, who own 73 percent of outstanding shares, are to receive...