January 26, 2015 / 2:30 PM / 4 years ago

U.S. activist investor asks SemGroup to explore sale

Jan 26 (Reuters) - Sandell Asset management Corp, a small New York-based activist hedge fund, asked pipeline operator SemGroup Corp to explore strategic alternatives including a sale.

Sandell, in a letter sent to the board of SemGroup on Monday, said it believed the company is worth $104 per share.

The stock closed at $64.60 on the New York Stock Exchange on Friday. (Reporting by Narottam Medhora in Bengaluru)

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