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Stock Market & Financial Investment News

News Breaks
June 19, 2014
19:59 EDTETP, TRGP, NGLS, ETEWells Fargo 'highly skeptical' of Targa Resources takeover
Wells Fargo said it is "highly skeptical" that Energy Transfer (ETE) will ultimately acquire Targa Resources (TRGP) and Targa Resources Partners (NGLS) after Bloomberg reported that the sides were near am agreement. Wells says that while there are strategic benefits to such a merger, the math of such a transaction doesn't work. It notes the transaction would likely be "highly dilutive" to the Energy Transfer family.
News For TRGP;ETE;NGLS;ETP From The Last 14 Days
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February 24, 2015
10:06 EDTNGLSHigh option volume stocks
High option volume stocks: CHGG LBTYK SMH RCAP NGLS OTEX TERP CNC ALKS AMT
February 20, 2015
11:46 EDTTRGP, NGLSTarga 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 EDTNGLS, TRGPAtlas Energy, Atlas Pipeline approve mergers with Targa, Targa Partners
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February 19, 2015
05:11 EDTETEEnergy Transfer Equity announces $2B share buyback program
ETE’s board has approved a $2B common unit buyback program, which is intended to be used opportunistically and will be utilized and sequenced from time to time depending on the trading price activity and performance of ETE’s common units.
05:09 EDTETEEnergy Transfer Equity reports Q4 continuing operations EPS 21c, consensus 40c
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05:07 EDTETPEnergy Transfer Partners reports Q4 continuing operations EPS (27c)
May not compare to consensus 64c. Reports Q4 revenue $12.28B, may not compare to consensus $14.56B.
February 17, 2015
18:17 EDTETEJANA Partners gives quarterly update on stakes
NEW STAKES: NCR (NCR), Liberty Ventures (LVNTA), Solarcity (SCTY), Computer Sciences Corp (CSC), Salix (SLXP), and Applied Materials (AMAT). INCREASED STAKES: Hertz (HTZ), Valeant (VRX), Walgreens Boots Alliance (WBA), Rackspace (RAX), and HD Supply (HDS). DECREASED STAKES: AIG (AIG), Actavis (ACT), Charter (CHTR), AerCap (AER), and Energy Transfer Equity (ETE). LIQUIDATED STAKES: Equinix (EQIX), Cameron International (CAM), Dollar General (DG), QEP Resources (QEP), and Amgen (AMGN).
February 13, 2015
10:41 EDTTRGPTarga Resources to host special shareholder meeting
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07:07 EDTTRGPTarga Resources reports Q4 EPS 61c, consensus 64c
Reports Q4 revenue $2.03B, consensus $1.92B.
07:05 EDTNGLSTarga Resources Partners reports Q4 EPS 58c, consensus 59c
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