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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Sat., Feb. 13, 1:37 AM

Slide #2. Targa Resources Corp. Targa Resources Partners LP

Acquirer: Targa Resources Corp. (TRGP)
Acquiree: Targa Resources Partners LP (NGLS)
Details: Targa Resources Corp. (the "Company") (NYSE: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 (the "share issuance") in connection with the Company's proposed merger with Targa Resources Partners LP (the "Partnership") (NYSE:NGLS) (the "Merger"). Approximately 92.2% of the shares of the Company's common stock that were voted approved the share issuance.

Targa Resources has general and limited partner interests in Targa Resources Partners LP (the Partnership). The Partnership is engaged in the business of gathering, compressing, treating, processing and selling natural gas and storing, fractionating, treating, transporting, terminaling and selling natural gas liquids (NGLs) and NGL products, and gathering, storing and terminaling crude oil, and refined petroleum products. The Partnership has two primary divisions: Gathering and Processing, consisting of two segments, Field Gathering and Processing, and Coastal Gathering and Processing; and Logistics and Marketing, consisting of two segments, Logistics Assets, and Marketing and Distribution.

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Targa Resources has general and limited partner interests in Targa Resources Partners LP (the Partnership). The Partnership is engaged in the business of gathering, compressing, treating, processing and selling natural gas and storing, fractionating, treating, transporting, terminaling and selling natural gas liquids (NGLs) and NGL products, and gathering, storing and terminaling crude oil, and refined petroleum products. The Partnership has two primary divisions: Gathering and Processing, consisting of two segments, Field Gathering and Processing, and Coastal Gathering and Processing; and Logistics and Marketing, consisting of two segments, Logistics Assets, and Marketing and Distribution.

TRGP SEC Filing Email Alerts Service


Open the NGLS Page at The Online Investor »

Company Name:  Targa Resources Corp
Website:  www.targaresources.com
Sector:  Oil & Gas Equipment & Services
Number of ETFs Holding TRGP:  40
Total Market Value Held by ETFs:  $34.89M
Total Market Capitalization:  $1.02B
% of Market Cap. Held by ETFs:  3.43%
Company Name:  Targa Resources Partners LP
Website:  www.targaresources.com
Sector:  Oil & Gas Equipment & Services
Number of ETFs Holding NGLS:  8
Total Market Value Held by ETFs:  $19.58M
Total Market Capitalization:  $2.05B
% of Market Cap. Held by ETFs:  0.95%
 

February 13, 2016    1:37 AM Eastern
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