Buckeye Partners 8-K 2011
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): May 17, 2011
Buckeye Partners, L.P.
Registrants telephone number, including area code: ( 832) 615-8600
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
On May 17, 2011, Buckeye Partners, L.P. (Buckeye) and BP Oil Pipeline Company (BP) terminated the previously announced Share Purchase Agreement, dated March 17, 2011 (the Agreement), pursuant to which Buckeye had agreed to purchase 500 Class A Shares and 3,171 Class B Shares of Inland Corporation (the Inland Shares), representing approximately 50% of the Inland Corporation shares outstanding. The parties terminated the Agreement because the other shareholders of Inland Corporation exercised their contractual rights of first refusal to purchase all of the Inland Shares, such that none of the Inland Shares were available for Buckeye to purchase. In connection with the termination of the Agreement, BP has refunded Buckeyes $6.0 million deposit.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: May 17, 2011