Notable Mergers and Acquisitions of the Day 10/13: (NGLS)/(APL) (NTCT)/(DHR) (STE) (GE) - InvestingChannel

May 4, 2024

Notable Mergers and Acquisitions of the Day 10/13: (NGLS)/(APL) (NTCT)/(DHR) (STE) (GE)

by Street Insider077

* Targa Resources Partners (NYSE: NGLS) and Targa Resources Corp. (NYSE: TRGP) announced they have entered into agreements to acquire Atlas Pipeline Partners, L.P. (NYSE: APL) and Atlas Energy, L.P. (NYSE: ATLS). Targa Resources will acquire ATLS following the spin-off announced today by ATLS of its non-midstream assets. The acquisitions are contingent on one another, and the transactions will close concurrently.

Atlas Pipeline Partners, L.P. Acquisition

Targa Resources Partners will acquire Atlas Pipeline Partners for total consideration of $5.8 billion, including $1.8 billion of debt as of September 30, 2014. Each APL common unitholder will be entitled to receive 0.5846