Gas Utilities M&A » By The Online Investor Staff, updated Fri., Apr. 16, 5:02 PM
Recent mergers and acquisitions in the Gas Utilities M&A category.
| This Slide: #27 of 30 |
Slide #27. Atlas Pipeline Partners, L.P. — Cardinal Midstream
Acquirer:
Atlas Pipeline Partners, L.P. (APL)
Acquiree:
Cardinal Midstream
Details:
Atlas Pipeline Partners, L.P. announced today that the Partnership has executed a definitive agreement to acquire all equity interests representing all of the operating assets of Cardinal Midstream, LLC ("Cardinal"), a privately owned midstream operator, for $600 million in cash. The transaction, which is expected to close by the end of 2012, is subject to certain regulatory approvals, customary closing conditions, and purchase price adjustments.
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.
Preferred: APL.PRE
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Avg. Broker Rec.
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Hold (2.00 out of 4) 98th percentile
(ranked higher than approx. 98% of all stocks covered)
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