Some Colonial Pipeline Owners Eye Stake Sales at $10 billlion-Plus Company Valuation, Sources Say

Some of Colonial Pipeline’s owners are exploring divesting their stakes, hoping they can fetch prices that would value the largest U.S. fuel transportation system in excess of $10 billion, according to people familiar with the matter. Growing U.S. energy consumption has raised demand for pipeline capacity. Any deal would test the company’s value three years … Read more