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Phillips 66 Announces Offer to Acquire Outstanding Publicly Held Common Units of DCP Midstream, LP for $34.75/Unit

Concurrent with Phillips 66's (NYSE: PSX) announcement of the realignment of economic and governance interests in DCP Midstream, LP (DCP Midstream), Phillips 66 also announced today it has submitted a non-binding proposal to the board of directors of the general partner of DCP Midstream offering to acquire all publicly held commo