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Slide #25. Atlas Pipeline Partners, L.P. — Cardinal Midstream, LLC
Atlas Pipeline Partners, L.P. (APL)
Cardinal Midstream, LLC
Atlas Pipeline Partners, L.P. announced that the Partnership has closed on its previously announced purchase of Cardinal Midstream, LLC, a private midstream company. The effective date of the acquisition was December 1, 2012. Final cash consideration for Cardinal totaled $603.4 million, which reflects closing adjustments of $3.4 million to the original announced acquisition price of $600 million.
Atlas Pipeline Partners is a provider of natural gas gathering, processing and treating services primarily in the Anadarko, Arkoma and Permian Basins located in the southwestern and mid-continent regions of the U.S. and in the Eagle Ford Shale play in south Texas; a provider of natural gas gathering services in the Appalachian Basin in the northeastern region of the U.S. and a provider of natural gas liquid transportation services in the southwestern region of the U.S. Co.'s general partner, Atlas Pipeline Partners GP, LLC, manages Co.'s operations and activities. Co. conducts its business through two segments: Gathering and Processing; and Transportation, Treating and Other.
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Hold (2.00 out of 4)
(ranked higher than approx. 70% of all stocks covered)
Based on Zacks ABR data;
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