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Published: June 20, 2009
Oklahoma business briefs
Magellan selected

TULSA — Magellan Midstream Partners LP announced Friday that it has been chosen as the stalking horse bidder and will be seeking to acquire substantially all assets of bankrupt Longhorn Partners Pipeline LP . Longhorn will be submitting a bid of about $340 million, which will include $250 million for the 700-mile pipeline system and about $90 million for the fair market value of product ...

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