SemGroup says Plains bid offers no basis for talks
SemGroup , saying the offer does not provide any reasonable basis to begin a discussion.
On Wednesday, Plains urged SemGroup to defer the IPO of a master limited partnership unit and reiterated its $24 a share bid.
SemGroup had rejected the offer in October as soon as it was made public.
SemGroup's shares closed at $28.04 on Wednesday on the New York Stock Exchange. (Reporting by Aftab Ahmed in Bangalore; Editing by Sriraj Kalluvila)
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