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Williams Partners to Buy Marcellus Lines for $750 Million

Williams Partners LP agreed to buy pipelines connected to Pennsylvania and New York natural-gas wells from Delphi Midstream Partners LLC for about $750 million in cash and stock, adding capacity where production is rising.

Delphi, owned by American Securities LLC and its management, will get $300 million in cash and about 7.5 million common units in exchange for its Laser Gathering System, Tulsa, Oklahoma-based Williams Partners said in a statement today.