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Stock Market & Financial Investment News

News Breaks
June 9, 2014
08:06 EDTMS, NGL, TLPMorgan Stanley to sell TransMontaigne stake to NGL Energy Partners for $200M
NGL Energy Partners LP (NGL) has entered into a definitive purchase agreement with affiliates of Morgan Stanley (MS) to acquire (i) TransMontaigne Inc (TLP), the owner of TransMontaigne GP L.L.C., the general partner of TransMontaigne Partners L.P., a master limited partnership that trades on the New York Stock Exchange, (ii) the limited partnership units of TransMontaigne Partners L.P. held by Morgan Stanley, amounting to approximately 19.7% of the outstanding units, and (iii) certain entities associated with the TransMontaigne business as well as the related inventory and pipeline and other contract rights. The definitive agreementcontemplates the purchase of Morgan Stanley's energy business related to TransMontaigne on a debt-free basis for a cash purchase price of $200M, including working capital, plus an additional amount for inventory transferred at the closing. The consummation of the transaction is subject to customary closing conditions, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Act. The acquisition is anticipated to close in the third quarter of 2014. The transaction does not involve the sale or purchase of any of the LP units owned by the public.
News For NGL;MS;TLP From The Last 14 Days
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August 27, 2015
06:46 EDTMSFed ups scrutiny of U.S. bank payment systems, WSJ reports
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06:34 EDTMSBanks, investors may suffer from margin calls, WSJ reports
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August 25, 2015
09:31 EDTMSMorgan Stanley upgraded to Buy from Neutral at Buckingham
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August 24, 2015
16:07 EDTMSMonogram Residential Trust CFO Garfield to leave role, Swanstrom appointed CFO
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August 21, 2015
08:40 EDTMSCanadian Security Traders Association to hold a conference
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August 20, 2015
06:10 EDTMSWeather Channel said to hire banks to explore sale, Bloomberg reports
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06:07 EDTMSSamsung Bioepis picks Citi, Goldman as lead managers for IPO, Reuters says
Samsung Bioepis has selected Citigroup (C) and Goldman Sachs (GS) as the lead managers for its planned listening on Nasdaq next year, a source tells Reuters. Morgan Stanley (MS) and Credit Suisse (CS) will also take part in the listing for Samsung's (SSNLF) biosimilar drug development arm, the source says. Reference Link
August 19, 2015
14:42 EDTMSBanks cooperate on data company to lower costs, WSJ says
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