MCO Holdings agreed to sell 3 natural gas units.
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The Los Angeles-based company agreed to sell the natural gas transmission subsidiaries to Western Gas for $7 million in cash at the closing and $35.5 million in 1990, with interest paid on the unpaid balance at 11.25% annually. The subsidiaries involved are MIGC, an interstate pipeline; MGTC, an intrastate pipeline in Wyoming, and MGPC, a gas processing concern.
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