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CM - Magellan launches $750MM equity buyback through 2022 - January 2020

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Directors of Magellan Midstream Partners, LP approved a plan to repurchase up to $750 million of its common units through 2022. The partnership will buy the units from time to time through open-market purchases and negotiated transactions. Factors such as expected expansion capital needs, alternative investment opportunities, excess cash and legal and regulatory requirements, as well as market condition, would affect the timing and price paid for the repurchased units. “Magellan remains committed to......
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