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Tuesday, October 17, 2006

Universal Compression Partners IPO Priced

Universal Compression Partners, a provider of natural gas compression services based in Houston, Texas, has priced its IPO of 5.5 million common units at $21.00. That was at the high end of its proposed $19.00 to $21.00 range.

Merrill Lynch and Lehman Brothers acted as joint book runners; Wachovia Securities was the joint lead manager; and A.G.Edwards and Deutsche Bank acted as the co-managers.

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