Atlas Energy (ATLS) announced Wednesday morning that it agreed to acquire 100% of the equity interests of TEAK Midstream,L.L.C., a privately owned midstream operator, for $1 billion in cash. The transaction is expected to close in the second quarter of 2013.
Atlas Energy gapped open sharply higher Wednesday and has spiked to the upside in early trade. Shares are now up 5.15 at $50.12. The stock has surged to a new high for the year.
For comments and feedback contact: editorial@rttnews.com
Business News
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.