Meraux

After Monday's market close, Valero Energy Partners LP (NYSE: VLP) announced that it had acquired Meraux and Three Rivers Terminal Services Business from Valero Energy Corporation (NYSE: VLO) for $325 million. Credit Suisse’s Bhavesh Lodaya maintains an Outperform rating on Valero Energy...

Morgan Stanley has reiterated its Overweight rating on Valero Energy Partners LP (NYSE: VLP) following its dropdown acquisition of the Meraux and Three Rivers Terminal Services Business for $325 million. The acquisition achieves management's guidance of $500 million–$750 million in dropdowns...