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NGL offers to acquire remaining TransMontaigne units in stock swap

Jul. 10, 2014 6:54 PM ETTransMontaigne Partners, L.P. (TLP) StockBy: Carl Surran, SA News Editor
  • TransMontaigne Partners (NYSE: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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TransMontaigne Partners, L.P.