1. Exclusive: Activist investor Sandell urges swap on DCP Midstream

    Exclusive: Activist investor Sandell urges swap on DCP Midstream

    HOUSTON (Reuters) - Activist investor Sandell Asset Management is urging Spectra Energy Corp to swap its interest in DCP Midstream Partners LLC for equity in Phillips 66's master limited partnership (MLP) in a deal meant to improve the valuations of the companies, according to a letter seen by Reuters.

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