ArcLight offers to buy TransMontaigne Partners for $38/share

|About: TransMontaigne Partners, L.P. (TLP)|By:, SA News Editor

Transmontaigne Partners (TLP +3.8%) shoots higher after ArcLight Energy Partners offers to acquire the company for $38/share in cash.

TLP cautions that a definitive agreement would be subject to various contingencies including the approval of TLP's conflicts committee, the general partner and a majority of unitholders.

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