8-KOther EventsExhibits & Filings

Targa Resources Corp. 8-K Report, Corporate Update (Oct 14, 2014)

Filed October 14, 2014For Securities:TRGP

Summary

Targa Resources Corp. (TRGP) and Targa Resources Partners LP (TRP) announced significant merger and acquisition activity on October 13, 2014. The company is acquiring Atlas Energy, L.P. (ATLS) through a merger with its subsidiary, Targa GP Merger Sub LLC. Concurrently, Targa Resources Partners LP is acquiring Atlas Pipeline Partners, L.P. (APL) through a merger with its subsidiary, Trident MLP Merger Sub LLC. These transactions are structured as separate agreements but are part of a broader strategic initiative to combine the entities. This dual acquisition marks a substantial expansion for Targa Resources, integrating the assets and operations of both Atlas Energy and Atlas Pipeline Partners. Investors should note that these are complex transactions involving multiple entities and require further regulatory filings, including registration statements and joint proxy statements/prospectuses for shareholders and unitholders of the involved companies. The full details and financial implications will be disclosed in these upcoming filings.

Key Highlights

  • 1Targa Resources Corp. (TRGP) is acquiring Atlas Energy, L.P. (ATLS).
  • 2Targa Resources Partners LP (TRP) is acquiring Atlas Pipeline Partners, L.P. (APL).
  • 3The transactions involve separate merger agreements for each acquisition.
  • 4TRGP's acquisition of ATLS will be through its subsidiary, Targa GP Merger Sub LLC.
  • 5TRP's acquisition of APL will be through its subsidiary, Trident MLP Merger Sub LLC.
  • 6Registration statements on Form S-4 and joint proxy statements/prospectuses will be filed with the SEC.
  • 7Investors are urged to read these upcoming filings for comprehensive information about the proposed transactions.

Frequently Asked Questions

This 8-K filing announces that Targa Resources Corp. has entered into an Agreement and Plan of Merger to acquire Atlas Energy, L.P., and Targa Resources Partners LP has entered into a similar agreement to acquire Atlas Pipeline Partners, L.P. These are significant M&A events for Targa.

The key parties are Targa Resources Corp. (TRGP), Targa Resources Partners LP (TRP), Atlas Energy, L.P. (ATLS), and Atlas Pipeline Partners, L.P. (APL). TRGP is acquiring ATLS, and TRP is acquiring APL.

The filing does not provide a specific timeline for the completion of these transactions. However, it indicates that further regulatory filings, including registration statements and joint proxy statements/prospectuses, will be made, which will contain more detailed information.

More detailed information will be available in the upcoming registration statements on Form S-4 and joint proxy statements/prospectuses to be filed with the SEC. These documents can be obtained from the SEC's website, or directly from Targa Resources, Atlas Energy, and Atlas Pipeline Partners Investor Relations departments.