Atlas Energy (ATLS) announced Wednesday morning that it agreed to acquire 100% of the equity interests of TEAK Midstream LLC, 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 up sharply Wednesday and climbed steadily during the first hour of trade. The stock finished with a gain of 5.03 at $50.00 on the highest volume of the year. Atlas Energy surged to a new high for the year.
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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.