QEP Midstream Partners, LP(QEPM)- NYSE
  • Apr. 6, 2015, 5:15 PM
    • Tesoro Logistics (NYSE:TLLP) agrees to acquire the 44% of QEP Midstream Partners (NYSE:QEPM) it does not already own, in a unit-for-unit exchange that values QEPM at $17.09/unit, an 8.6% premium to today's QEPM closing price of $15.74.
    • TLLP already owned a 55.8% interest in QEPM, consisting of ~3.7M common units and ~26.7M subordinated units, and 100% of the limited liability company interests of QEPM GP, which itself holds a 2% general partner interest and 100% of the incentive distribution rights in QEPM.
    | Apr. 6, 2015, 5:15 PM | 3 Comments
  • Dec. 12, 2014, 4:38 PM
    • QEP Midstream Partners (NYSE:QEPM) spiked higher into the close after a 13D filing disclosed that Tesoro (NYSE:TSO) had acquired a 56.9% active stake in the company.
    • In the filing, Tesoro Logistics (NYSE:TLLP) proposes acquiring all outstanding units of QEPM not owned by QEPM or by QEP Field Services.
    | Dec. 12, 2014, 4:38 PM | 3 Comments
Company Description
QEP Midstream Partners LP owns, operates, acquires and develops midstream energy assets. The Company provides natural gas and crude oil gathering and transportation services in Colorado, North Dakota, Utah and Wyoming.
Industry: Oil & Gas Equipment & Services
Country: United States