Phillips 66 in its $2.2 billion acquisition of EPIC Y-Grade
On January 6, 2025, Phillips 66 (NYSE:PSX) announced that it has entered into a definitive agreement to buy EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP, which own various long haul natural gas liquids pipelines, fractionation facilities and distribution systems for total cash consideration of $2.2 billion.
Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Phillips 66.