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Targa Resources Corp. (TRGP)

- NYSE
  • Oct. 13, 2014, 7:58 AM
    • Targa Resources Partners (NYSE:NGLS) and Targa Resources (NYSE:TRGP) agree to acquire Atlas Pipeline Partners (NYSE:APL) and Atlas Energy (NYSE:ATLS) for $5.8B, including $1.8B of debt.
    • Prior to Targa's acquisition of ATLS, ATLS will spin off its non-midstream assets; after giving effect to the spinoff, ATLS assets will solely comprise its general partner and incentive distribution rights interests in APL and 5.8M APL common units.
    • The combination creates one of the largest diversified MLPs on an enterprise value basis, bringing Atlas' positions in the Woodford/SCOOP, Mississippi Lime and Eagle Ford and additional Permian assets to Targa's existing Permian, Bakken, Barnett and Louisiana Gulf coast operations.
    • ATLS +14.1%, APL +12.8% premarket.
    | 3 Comments
  • Jun. 20, 2014, 7:20 AM
    | 8 Comments
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Company Description
Targa Resources Corp is engaged ingathering, compressing, processing and selling natural gas & storing, fractionating, transporting & selling natural gas liquids and NGL products.
Sector: Utilities
Industry: Gas Utilities
Country: United States