One-Page Deal Sheet
Tesoro Inks Deal to Acquire Remainder of QEP Midstream
Tesoro Logistics Lp QEP Midstream Partners Lp
Announced Date
April 06,2015
Transaction Type
Corporate
Location
Region
United States
Country
United States
State
Wyoming
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Tesoro Logistics LP and QEP Midstream Partners, LP jointly announced the signing of a definitive merger agreement whereby TLLP will acquire QEPM in a unit-for-unit exchange.
This follows the $2.5 billion deal Tesoro and QEP concluded on October 19, 2014, where Tesoro acquired QEP Resources' midstream business segement.
Under the terms of the merger agreement, QEPM public unitholders will receive 0.3088 TLLP common units for each QEPM Common Unit held. This consideration is valued at $17.09 per QEPM common unit based on today's TLLP closing price of $55.34 and represents an 8.5% premium to…
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|---|---|---|---|---|---|
| Oct-27-2021 |
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| Jul-17-2020 |
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| Jul-06-2020 |
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| May-18-2020 |
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| Jul-08-2019 |
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