NGL offers to acquire remaining TransMontaigne units in stock swap

|By:, SA News Editor

TransMontaigne Partners (TLP) +2.6% AH after NGL Energy Partners (NGL) offers to acquire all outstanding units in a one-for-one stock swap.

Last week, NGL closed on its $547M purchase from Morgan Stanley of 17% of the outstanding units in the MLP plus the general partner management interest.