Targa, one of the US’s largest natural gas providers, announced plans to acquire Atlas Energy and Atlas Pipeline in a $7.7 billion takeover.
According to a press release, Targa will acquire Atlas Energy and its midstream assets and about $1.8 billion in debts. The deal will remain subject to regulatory scrutiny, and the companies have held a webcast with investors to discuss the deal.
In a statement, Atlas thanked its employees “for helping build our enterprise over the years and for playing an integral role in our strategic plans.”
Full content: SYS-Con Media
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