Atlas Pipeline Partners (APL) announced Wednesday morning that it agreed to sell its Elk City facilities to Enbridge Energy Partners (EEP) for $682 million in cash.
Atlas Pipeline Partners gapped open sharply higher Wednesday morning, but traded in a narrow range throughout the day. Shares finished up by 3.87 at $16.22 on the highest volume of the year. The stock has been rising for over a week and broke out to a new high for the year.
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