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Stock Market & Financial Investment News

News Breaks
January 27, 2014
06:16 EDTATLSAtlas Energy upgraded to Outperform from Neutral at RW Baird
Baird upgraded Atlas Energy (ATLS) based on reduced expectations, confidence in internal drilling development momentum and gassy production, and ARC Logistics Partners (ACRX) related cash distributions. Price target raised to $59 from $51.
News For ATLS From The Last 14 Days
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March 4, 2015
10:01 EDTATLSOn The Fly: Analyst Downgrade Summary
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09:29 EDTATLSAtlas Energy downgraded to Equal Weight from Overweight at Stephens
Stephens downgraded Atlas Energy (ATLS) to Equal Weight to account for its spin-off. The company lowered its price target on shares to $9.50 from $35.
February 27, 2015
17:24 EDTATLSAtlas Energy, Atlas Pipeline Partners complete merger with Targa Resources
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February 23, 2015
08:35 EDTATLSAtlas Energy subsidiary sees annualized cash distribution to be 70c-80c per unit
Atlas Energy Group, a wholly-owned subsidiary of Atlas Energy, announced that it currently expects annualized cash distributions to be 70c to 80c per common limited partner unit based on initial expectations of cash flow to its business. The current forecast includes, among other items, approximately $37.5M of cash distributions expected to be received from Atlas Resource Partners (ARP) from AEG's ownership of ARP's general partner and approximately 24.7M ARP limited partner units, and is based on ARP's current annualized distribution of $1.30 per unit.
February 20, 2015
11:46 EDTATLSTarga Resources shareholders approve share issuance in merger with Atlas Energy
Targa Resources (TRGP) announced that the stockholders of the company approved at a special meeting of stockholders held today the issuance of shares of common stock of the company in connection with the company's proposed merger with Atlas Energy, L.P. (ATLS). Approximately 76.15% of the shares of the company's common stock that were outstanding as of the record date of January 22 approved the share issuance, and approximately 91.50% of the shares of the company's common stock that were voted approved the share issuance. A special meeting of ATLS unitholders was also held to approve the merger agreement in connection with the ATLS Merger. Approximately 52.83% of the common units of ATLS that were outstanding as of the record date of January 22, 2015 approved the merger agreement in connection with the ATLS Merger, and approximately 99.28% of the common units of ATLS that were voted approved the ATLS Merger Agreement. A special meeting of unitholders of Atlas Pipeline Partners, L.P. (APL) was also held to approve the merger agreement in connection with Targa Resources Partners LP's (NGLS) proposed merger with APL. Approximately 54.84% of the common units of APL that were outstanding as of the record date of January 22 approved the merger agreement in connection with the APL Merger, and approximately 98.21% of the common units of APL that were voted approved the APL Merger Agreement. The approvals by the shareholders of the Company and the unitholders of ATLS and APL described above satisfy three of the conditions required to finalize the Atlas Mergers. The consummation of the Atlas Mergers is still subject to certain other conditions, including the previously announced spin-off by ATLS of its non-midstream assets. Each of the Transactions is contingent on one another, and the Transactions are expected to close concurrently on February 27.
11:38 EDTATLSAtlas Energy, Atlas Pipeline approve mergers with Targa, Targa Partners
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