secwatch.observer — SEC 8-K summary
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Issuer:     DT Midstream, Inc. (DTM)
CIK:        0001842022
Form:       8-K
Filed at:   2022-10-07T23:59:59+00:00
Accession:  0000947871-22-001062
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DT Midstream closes $552M acquisition of additional 26.25% stake in Millennium Pipeline, now owns 52.50%
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- Purchased 26.25% interest from National Grid for $552M; financed with cash and revolver.
- Millennium Pipeline is a 263-mile interstate pipeline serving Marcellus/Utica gas markets.
- CEO David Slater says acquisition aligns with strategic thesis and accelerates growth plan.
- Pipeline interconnects with DT Midstream's Bluestone Gathering Lateral and Susquehanna Gathering System.
- Lazard and Shearman & Sterling served as financial and legal advisors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842022/000094787122001062/0000947871-22-001062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842022/000094787122001062/ss1404184_8k.htm
  HTML page:      https://secwatch.observer/filing/0000947871-22-001062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer