One-Page Deal Sheet
Targa to Acquire Targa Resources Partners in Stock-for-Unit Deal
Targa Resources Corp. Targa Resources Partners Lp
Announced Date
November 03,2015
Transaction Type
Corporate
Location
Region
Gulf Coast
Country
United States
State
Texas
Transaction Details: Require Private Equity Subscription
Targa Resources Corp. and Targa Resources Partners LP announced that TRC will acquire all of the outstanding common units of the Partnership not already owned by TRC in an all stock-for-unit transaction at a ratio of 0.62 TRC common shares per common unit of Targa Resources Partners. The implied TRP unit price represents an 18% premium to its volume-weighted average price during the 10 trading days ending November 2, 2015.
Following this transaction, TRC expects dividend growth of 15% for 2016 and greater than 10% compound annual dividend growth through 2018, assuming consensus analyst…
United States Deal Activity In Last 12 Months
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| Oct-17-2019 |
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| Apr-18-2017 |
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| Apr-12-2017 |
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| Mar-02-2017 |
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| Dec-20-2016 |
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| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
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| Mar-10-2026 |
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| Feb-18-2026 |
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| Jan-16-2026 |
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| Jan-08-2026 |
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