WB Partners gave up on its pursuit of Midcon.
- Share via
Midcon, a big Chicago-based natural-gas pipeline company, agreed this week to be acquired by Occidental Petroleum of Los Angeles for about $3 billion. The takeover effort by WB Partners, a venture of Wanger & Brown of Midland, Tex., and Freeport-McMoran of New Orleans had been opposed by Midcon. The partnership said it expects to terminate its tender offer.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
