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Stock Market & Financial Investment News

News Breaks
June 11, 2014
16:27 EDTETP, APUAmeriGas files to sell 8.5M common units for holders
AmeriGas Partners (APU) announced that Heritage ETC, an affiliate of Energy Transfer Partners (ETP), has commenced a public underwritten offering, subject to market and other conditions, of 8.5M AmeriGas common units that it currently holds. Citigroup, Morgan Stanley, UBS Investment Bank, Barclays, Credit Suisse, Deutsche Bank Securities, Goldman Sachs & Co., J.P. Morgan, RBC Capital Markets and Wells Fargo Securities will act as joint book-running managers for the common units offering. Ladenburg Thalmann & Co. will act as co-manager for the common units offering.
News For APU;ETP From The Last 14 Days
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November 18, 2014
11:04 EDTETPEnergy Transfer Partners to host special shareholder meeting
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08:46 EDTETPETE to transfer 30.8M ETP common units in $3.75B deal
Energy Transfer Partners (ETP) and Energy Transfer Equity (ETE) announced that the management teams of the two partnerships have reached an agreement with respect to a transaction valued at approximately $3.75B in which ETE would transfer 30.8M ETP common units, ETEs 45% interest in the Bakken pipeline project, and a cash amount to be determined in exchange for newly issued Class H units of ETP that will generally entitle ETE to receive 40.0% of the cash distributions and other economic attributes of the general partner interest and incentive distribution rights of Sunoco Logistics Partners (SXL). In addition, ETE and ETP anticipate that they will negotiate a reduction in the incentive distribution right subsidies that ETE previously agreed to provide to ETP, and that such reductions would occur in 2015 and 2016. When combined with the 50.16M Class H units acquired by ETE in October 2013, upon consummation of the Transaction, ETE would own Class H units that will generally entitle ETE to receive approximately 90% of the cash distributions and other economic attributes of the general partner interest and incentive distribution rights of SXL. Upon redemption of the 30.8M ETP common units, ETPs outstanding common units will be reduced to approximately 322M common units. ETP expects that the Transaction will be neutral to distributable cash flow per ETP common unit in 2015 and accretive to distributable cash flow per ETP common unit in 2016 and thereafter. ETE expects that the transaction will be slightly dilutive to distributable cash flow per ETE common unit in 2015 and accretive to distributable cash flow per ETE common unit in 2016 and thereafter. The transaction is expected to be credit neutral to both ETE and ETP. ETE and ETP anticipate that the transaction agreements will be negotiated and executed prior to the end of 2014 and that the transaction would close in Q1 of 2015.
November 17, 2014
08:05 EDTETPEnergy Transfer Partners, Regency Energy Partners to construct NGL pipeline
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November 14, 2014
10:00 EDTAPUOn The Fly: Analyst Downgrade Summary
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05:36 EDTAPUAmeriGas downgraded to Underperform from Neutral at Credit Suisse
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November 12, 2014
18:04 EDTAPUAmeriGas sees FY15 net income $308M-$338M, consensus $2.83
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18:01 EDTAPUAmeriGas reports Q4 EPS (58c), consensus (55c)
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15:29 EDTAPUNotable companies reporting after market close
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