Seeking Alpha

NGL offers to acquire remaining TransMontaigne units in stock swap

  • 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.
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