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Market Chatter: Blackstone-Backed Kinetik Explores Options Including Sale

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Kinetik Holdings (KNTK), a pipeline company owned partly by Blackstone (BX), is in the preliminary stages of exploring options, including a potential sale, Bloomberg reported Wednesday, citing people familiar with the matter.

Kinetik is in talks with advisers to prepare for a potential sale process that may occur within weeks, though the company might decide to remain independent, the report said.

Kinetik and Blackstone did not immediately respond to requests for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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