Transmontaigne Partners (TLP) Raises Quarterly Dividend 0.8% to $0.665; 6.1% Yield

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Go back to Transmontaigne Partners (TLP) Raises Quarterly Dividend 0.8% to $0.665; 6.1% Yield

Transmontaigne Partners (TLP) Affirms Receipt of Proposal from NGL Energy Partners (NGL)

July 14, 2014 8:28 AM EDT

Transmontaigne Partners (NYSE: TLP) confirmed that NGL Energy Partners LP (NYSE: NGL) announced that it submitted a non-binding, unsolicited proposal (the Proposal) to the conflicts committee of the board of directors of TransMontaigne GP L.L.C., the general partner of TransMontaigne Partners L.P. (the Conflicts Committee), pursuant to which each outstanding common unit of TLP would be exchanged for one common unit of NGL. Subject to negotiation and execution of a definitive agreement, NGLs would offer one NGL common unit for... More