NGL Energy, Transmontaigne Partners end talks on acquisition proposal

NGL Energy Partners (NGL -1.9%) and TransMontaigne Partners (TLP +0.5%) say they have terminated discussions regarding NGL's non-binding proposal to acquire the outstanding units of TLP, unable to reach agreement on a price.

NGL currently owns TransMontaigne GP and ~19.7% of the outstanding common units of TLP.

Shares resume trading after a halt.

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