- Atlas Energy Group, which is currently a subsidiary of Atlas Energy, L.P. (ATLS), will hold all of ATLS's non-midstream assets - Upon completion of the distribution, ATLS unitholders are expected to receive common units of Atlas Energy Group, a publicly-traded LLC that will hold multiple general partner interests in various oil & gas related cash flow streams
- Atlas Energy Group's initial annualized distribution to unitholders is expected to be $1.25 per unit based upon the cash flow from the non-midstream assets - The transactions are expected to be completed during the first quarter 2015 PHILADELPHIA , Nov.
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor LLP are investigating potential claims against the Board of
Directors of Atlas Energy, L.P. (“Atlas Energy”) (NYSE: ATLS) and Atlas
Pipeline Partners, L.P. (“Atlas Pipeline”) (NYSE: APL) related to the
acquisition by Targa Resource Partners LP.
Levi & Korsinsky is investigating the Board of Directors of Atlas
Energy, LP (“Atlas Energy” or “the Company”) (NYSE: ATLS) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Targa Resources Partners LP
(“Targa”) (NYSE: NGLS).
Click here to learn more about the investigation: http://zlk.9nl.com/atlas-energy-atls .
Sign-up for INVESTOR ALERT: Levi & Korsinsky, LLP Launches Investigation of the Board of Directors of Atlas Energy, LP Concerning the Fairness of the Sale of the Company to Targa Resources investment picks
The Rosen Law Firm, P.A. announces that it is investigating the Board of
Directors of Atlas Energy, L.P. (NYSE:ATLS) for possible breaches of
fiduciary duty and other violations of law by failing to adequately shop
Atlas Energy to maximize shareholder value before agreeing to be
acquired by Targa Resources Corp.
Sign-up for INVESTOR ALERT: Levi & Korsinsky, LLP Launches Investigation of the Board of Directors of Atlas Energy, LP Concerning the Fairness of the Sale of the Company to Targa Resources -- ATLS investment picks
Atlas Pipeline Partners, L.P. to be acquired in unit exchange transaction
Atlas Energy, L.P. to be acquired for stock and cash following spin-off of holdings not associated with Atlas Pipeline Partners, L.P.
Approximately $7.7 billion in total transaction value
Targa Resources Partners LP expects 11 – 13% distribution growth in 2015
Targa Resources Corp.
Sign-up for ATLAS INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Atlas Pipeline Partners, L.P. (APL) and Atlas Energy, L.P. (ATLS) Over the Proposed Sale of the Companies to Targa Resources (NGLS) investment picks
Shares of Atlas Pipeline Partners (APL) surged 13% and Atlas Energy (ATLS) soared 14% in premarket trade Monday, after the oil and gas limited partnerships agreed to be acquired by Targa Resources Partners (NGLS) and Targa Resources (TRGP) , respectively, in deals valued at a total of $7.7 billion.
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