UPDATE: Evercore ISI Double Upgrades TETRA Technologies Inc. (TTI) to Outperform
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TETRA Technologies, Inc. Regains Compliance With NYSE Minimum Average Closing Price Requirements
February 1, 2021 7:29 PM ESTTHE WOODLANDS, Texas, Feb. 1, 2021 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE: TTI) announced today that it has received formal notice from the New York Stock Exchange (the "NYSE") dated February 1, 2021, informing the Company that it has regained... More
Spartan Energy Partners Acquiring CSI Compressco LP's General Partner From Tetra Technologies; Announces New Executive Officers And Changes In The Board Of Directors
January 29, 2021 7:00 AM ESTTHE WOODLANDS, Texas, Jan. 29, 2021 /PRNewswire/ -- CSI Compressco LP ("CSI Compressco" or the "Partnership") (NASDAQ: CCLP) announced today that Spartan Energy Partners LP ("Spartan") is acquiring from TETRA Technologies, Inc. ("TETRA"), the Partnership's General Partner, incentive distribution rights ("IDRs") and a majority of the common units in CSI Compressco previously owned by TETRA. CSI Compressco will continue to be listed on NASDAQ and does not expect any changes to its capital structure as a result of this transaction. CSI Compressco will not issue any common units nor incur any incremental indebtedness as a result of the transaction.Â
... MoreTETRA Technologies, Inc. Announces Divestment Of Interests In CSI Compressco LP And Related Assets For $30.7 Million And Announces Preliminary TETRA Only Fourth Quarter Results
January 29, 2021 7:00 AM ESTTHE WOODLANDS, Texas, Jan. 29, 2021 /PRNewswire/ --Â TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE: TTI) announced today a series of transactions related to CSI Compressco including (i) the sale to Spartan Energy Partners ("Spartan") of its General Partner ("GP") interests, incentive distribution rights ("IDRs") and 10.95 million of the 16.19 million common units TETRA owned in CSI Compressco LP ("CSI Compressco" or "CCLP") for $13.95 million, plus a contingent payment that could increase the proceeds to $17.1 million if certain financial targets are met; (ii) the sale of 15 large compressor units for $14.2 million... More
