BUZZ-DT Midstream dips on $1.2 bln acquisition of pipelines

Reuters11-20 05:19

** Shares of DT Midstream DTM.N, an operator of natural gas pipelines, down 3% after market

** Co to buy three natural gas transmission pipelines from ONEOK OKE.N for $1.2 bln

** Deal will be financed via a combination of equity and debt, DTM says

** OKE shares flat in extended trade

** DTM shares have gained 86% YTD, while OKE is up 60%

(Reporting by Niket Nishant in Bengaluru)

((Niket.Nishant@thomsonreuters.com))

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