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Stock Market & Financial Investment News

News Breaks
December 4, 2012
18:10 EDTAPLAtlas Pipeline Partners 9.75M share Secondary priced at $31.00
The deal size was increased to 9.75M shares from 9.25M shares. Wells Fargo, Deutsche Bank, BofA/Merrill, Barclays, Citigroup, Goldman, JPMorgan, Morgan Stanley and RBC Capital acted as joint book running managers for the offering.
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May 13, 2013
07:37 EDTAPLBofA/Merrill to host a conference
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May 7, 2013
17:34 EDTAPLAtlas Energy announces Atlas Pipeline's closing of $1B TEAK Midstream acquisition
Atlas Energy (ATLS) announces that its midstream subsidiary, Atlas Pipeline Partners (APL), has closed on its previously announced purchase of TEAK Midstream. The effective date of the acquisition was April 1. Final cash consideration for TEAK totaled $1B, subject to working capital and other adjustments contemplated by the Purchase and Sale Agreement. Based on the forecasted earnings and cash flow from the TEAK assets, ATLS expects to receive an additional $25M-$40M of annual distributable cash flow as the acquired assets grow and mature in the future. This represents approximately 45c-75c per ATLS common unit of additional distributable cash flow on an annualized basis.

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