** Shares of Summit Midstream Corporation SMC.N fall 3% to $38.47
** Co acquires DJ basin-based Moonrise Midstream from Fundare Resources for $90 million in cash and stock
** SMC to pay $70 million in cash and ~$20 million in stock
** Deal expands SMC's gathering and processing footprint in the DJ Basin
** Adds ~80 miles of natural gas gathering pipeline, ~25 miles of crude oil gathering pipeline and 65 million cubic feet per day of additional processing capacity
** SMC stock further pressured by declines in crude prices as tariff uncertainty and rising output from OPEC+ producers kept investors on edge O/R
** Including session's moves, shares were up 1.91%
(Reporting by Katha Kalia in Bengaluru)
((Katha.Kalia@thomsonreuters.com))
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