Re: What are IDR's worth? back scratching deal for mwe unit holder and mpc shareholders
Agree with moneynomics. Citi said that the ability to acquire assets like those of MWE arises maybe once a decade. I will be surprised if a bigger player does not take a run at MWE. IMO, even without a competing bid, MPLX is going to have to sweeten the deal (which can be done without increasing the taxable portion) in order to win the MWE unitholder vote. Another buyer coming in would likely put even more pressure on MPLX.