NGL Energy Partners offer to acquire outstanding units of Transmontaigne NGL Energy Partners (NGL) announced that it has submitted a non-binding proposal to the conflicts committee of the board of TransMontaigne, the general partner of TransMontaigne Partners (TLP), in which each outstanding common unit of TLP would be exchanged for one common unit of NGL. The proposed transaction is subject to the negotiation and execution of a definitive agreement, the approval of the TransMontaigne board and its conflicts committee and any requisite unitholder approval under applicable law.
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Transmontaigne Partners increases quarterly dividend to 66.5c per share TransMontaigne Partners declared a distribution of 66.5c per unit for the period from April 1 through June 30, representing a 0.5c increase over the previous quarter. This distribution is payable on August 7 to unitholders of record on July 31.