Dallas oil pipeline builder EnLink Midstream is the latest company to simplify its corporate structure through a merger announced Monday that will create a new $13 billion company.
The deal is part of a growing trend of companies, particularly in the oil and gas business, that are shedding their “master limited partnerships.” These complex structures that became popular in the 1980s pass along revenue from the corporation to investors in the publicly traded MLP with a significant tax break.
