Atlas Energy, L.P. (ATLS) and its midstream oil and gas subsidiary, Atlas Pipeline Partners (APL) have announced that ATLS and APL unitholders, at respective special unitholder meetings, approved the pending merger transactions of Atlas Energy with a subsidiary of Targa Resources Corp. (TRGP) and Atlas Pipeline with a subsidiary of Targa Resources Partners LP (TRP).
Approximately 99.28% of the votes cast at ATLS’ special meeting of unitholders voted in favor of the merger with TRC, and approximately 52.83% of the units were cast of the total outstanding ATLS common units as of the record date of January 22, 2015.
Atlas Energy (ATLS) plans to spin off its non-midstream assets and a news release from Targa said the deal is expected to close by Feb. 27. Source
