Atlas Pipeline Partners L.P. (APL) Tuesday said it has agreed to acquire TEAK Midstream LLC, a privately owned midstream operator, for $1 billion in cash.
TEAK is a natural gas gathering and processing company with assets located in the core of the Eagle Ford Shale. The acquisition is expected to close in the second quarter of 2013 and is subject to customary closing approval and conditions.
Atlas Pipeline will fund the deal with a $400 million preferred notes issuance as well as with bank financing from Citigroup and Wells Fargo.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.