Leawood-based Tallgrass Energy GP (NYSE: TEGP) plans to consolidate its business by acquiring Tallgrass Energy Partners LP (NYSE: TEP) in a two-for-one stock merger, which represents a 10 percent premium for Tallgrass Energy Partners investors.
The measure announced Monday requires Tallgrass Energy Partners unitholder approval, which will be sought at a meeting that will occur during the second quarter. The main reason behind it is to eliminate the master limited partnership (MLP) status of Tallgrass…
Leawood-based Tallgrass Energy GP (NYSE: TEGP) plans to consolidate its business by acquiring Tallgrass Energy Partners LP (NYSE: TEP) in a two-for-one stock merger, which represents a 10 percent premium for Tallgrass Energy Partners investors.
The measure announced Monday requires Tallgrass Energy Partners unitholder approval, which will be sought at a meeting that will occur during the second quarter. The main reason behind it is to eliminate the master limited partnership (MLP) status of Tallgrass…