Executives with Targa Resources Corp. (TRGP) were on the defensive with analysts Tuesday after the company announced it would fold its master limited partnership (MLP), Targa Resources Partners LP (NGLS), in an all-stock deal valued at $6.67 billion.
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Targa Shares Up, Then Down on Buyout Rumors
Share prices for Targa Resources Corp. (TRGP) and Targa Resources Partners LP (NGLS) took a roller coaster ride late Thursday and into Friday on rumors of their possible purchase by Energy Transfer Equity LP (ETE), but talks with ETE have ended and no deal is on the table, the midstream energy giants said.
June 20, 2014