New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 6, 2014
16:44 EDTQEPMQEP Midstream Partners reports Q2 EPS 18c, consensus 23c
Reports Q2 revenue $30.2M, consensus $31.75M.
News For QEPM From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 6, 2015
17:02 EDTQEPMTesoro Logistics to acquire remaining portion of QEP Midstream Partners
Tesoro Logistics (TLLP) and QEP Midstream Partners (QEPM) jointly announced the signing of a definitive merger agreement whereby TLLP will acquire QEPM in a unit-for-unit exchange. Under the terms of the merger agreement, QEPM public unitholders will receive 0.3088 TLLP common units for each QEPM Common Unit held. This consideration is valued at $17.09 per QEPM common unit based on today's TLLP closing price of $55.34 and represents an 8.5% premium to TLLP's original proposal of 0.2846 announced on December 2, 2014 and an 8.6% premium to QEPM closing price of $15.74. The transaction has been approved by the boards of directors at both companies as well as the Conflicts Committee of the board of QEP Midstream Partners GP. TLLP currently owns an approximate 55.8% limited partner interest in QEPM, consisting of 3.7M common units and 26.71M subordinated units, and 100% of the limited liability company interests of QEPM GP, which itself holds a 2% general partner interest and 100% of the incentive distribution rights in QEPM. The transaction is expected to close in 2015 and is subject to customary closing conditions, including approval by the QEPM unitholders.
17:01 EDTQEPMTesoro Logistics to acquire remaining portion of QEP Midstream Partners
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use