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Wednesday, November 19, 2008

Some developements after the close. DCP Midstream sold some 5 year notes in a private placement. Take a look at the yield and the yield spread. 768 basis points! The had to pay over 9% to get the deal done. But they did get it done.

Also Buckeye Holdings (BGH) is saying that the tender offer of 17.50 is inadequete. Given market conditions thats a pretty gutsy call.

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