Boardwalk Pipeline Partners, LP Announces Pricing of Initial Public Offering.OWENSBORO, Ky. -- Boardwalk Pipeline Partners, LP (NYSE NYSE See: New York Stock Exchange : BWP BWP In currencies, this is the abbreviation for the Botswana Pula. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ), a subsidiary of Loews Corporation (NYSE: LTR LTR - Langage Temps-Réel. (French for "real-time language") A French predecessor to Ada, LTR is Modula-like with a set of special-purpose real-time constructs based on an event model. It was mentioned in the reference below. ["An Overview of Ada", J.G.P. ), announced today that it has priced its initial public offering of 15 million of its common units at $19.50 per unit. Boardwalk Pipeline Partners, LP anticipates that the common units will begin trading today on The New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol "BWP." The initial public offering is being led by Citigroup and Lehman Brothers, as joint book-running managers. Goldman, Sachs & Co., Merrill Lynch & Co., Morgan Stanley, UBS Investment Bank, Wachovia Securities, A.G. Edwards, Deutsche Bank Securities, KeyBanc Capital Markets, Raymond James and RBC Capital Markets RBC Capital Markets is the corporate and investment banking division of Royal Bank of Canada ("RBC"). Broker dealers Depending on the jurisdiction, the division uses different broker dealer subsidiaries of RBC:
Boardwalk Pipeline Partners, LP has granted the underwriters a 30-day option to purchase up to an additional 2.25 million common units at the same price to cover over-allotments, if any. The 15 million common units offered to the public will represent approximately 14.5 percent of the outstanding equity of Boardwalk Pipeline Partners, LP, or approximately 16.3 percent if the underwriters exercise in full their over-allotment option. A subsidiary of Loews will continue to own the remaining 85.5 percent equity interests in Boardwalk Pipeline Partners, LP, or 83.7 percent if the underwriters exercise in full their over-allotment option. A subsidiary of Loews is the general partner of Boardwalk Pipeline Partners, LP. Boardwalk Pipeline Partners, LP is engaged, through its indirect subsidiaries - Texas Gas Transmission Texas Gas Transmission is a natural gas pipeline which brings gas from the Louisiana Gulf coast up through Arkansas, Mississippi, Tennessee, and Kentucky, to supply gas to Illinois, Indiana, and Ohio. It is owned by Loews Corporation. Its FERC code is 18. , LLC and Gulf South Pipeline Company, LP - in the interstate transportation, gathering and storage of natural gas. This press release shall not constitute an offer to sell nor the solicitation of an offer to buy any securities. Any offer will be made only by means of a written prospectus meeting the requirements of Section 10 of the Securities Act of 1933. A copy of the final prospectus relating to the offering may be obtained, when available, from Citigroup Global Markets Inc., Brooklyn Army Terminal The Brooklyn Army Terminal consists of large complex of piers, docks, warehouses, cranes, railroad sidings and cargo loading equipment. The terminal was responsible for shipment of army equipment and personnel overseas. , 140 58th Street, 8th floor, Brooklyn, New York, 11220, Attention: Prospectus Department; phone: 718-765-6732; or Lehman Brothers Inc., c/o ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. Financial Services, Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, New York 11717; fax: 631-254-7268. Statements contained in this press release that are not historical facts are "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements, including statements regarding the completion of the proposed initial public offering and any of the terms thereof, are inherently uncertain and subject to a variety of risks that could cause actual results to differ materially from those expected by management of Boardwalk Pipeline Partners, LP. |
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