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Stock Market & Financial Investment News

News Breaks
February 1, 2013
07:21 EDTARPAtlas Resource Partners initiated with a Neutral at Citigroup
Target $23.
News For ARP From The Last 14 Days
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June 10, 2013
18:44 EDTARPAtlas Resource Partners 13M share Secondary priced at $21.75
The size of the deal was raised to 13M shares from 12.25M shares. Wells Fargo, BofA/Merrill, Citigroup, Deutsche Bank, JPMorgan, Morgan Stanley and RBC Capital acted as joint book running managers for the offering.
08:00 EDTARPAtlas Resource Partners files to sell 12.25M common units
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07:23 EDTARPAtlas Energy sees 2014 distribution $2.50-$2.80 following acquisition
Atlas Energy (ATLS) announced that its E&P subsidiary, Atlas Resource Partners (ARP), has entered into a definitive agreement to acquire approximately 466 Bcf of natural gas proved reserves in the Raton and Black Warrior Basins from EP Energy E&P Company, a wholly owned subsidiary of EP Energy, for $733M. In addition, ATLS will acquire approximately 45 Bcf of natural gas proved reserves in the Arkoma Basin from EP Energy for approximately $67M. The transaction, which is expected to close in the third quarter 2013 and is subject to purchase price adjustments, will have an effective date of May 1. As a result of the transaction, ATLS is now providing full year 2014 distribution guidance of $2.50-$2.80 per unit, representing approximately a 115% increase compared to the most recent annualized distribution of $1.24.
07:20 EDTARPAtlas Resource Partners sees 2014 distribution at least $2.60 after acquisition
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07:19 EDTARPAtlas Resource Partners to acquire nat gas reserves from EP Energy for $733M
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