Deal Details
Initial Public Offering
Summary
Baird served as a co-manager in this offering.
About
Targa Resources Corp. (NYSE: TRGP) (the “Company”) recently completed an initial public offering of 16,375,000 shares of its common stock at $22.00 per share. The Company did not receive any proceeds from the offering as all of the shares were sold by existing stockholders. Targa Resources Corp., formerly known as Targa Resources Investments Inc., owns general and limited partner interests, including incentive distribution rights ("IDRs"), in Targa Resources Partners LP (NYSE: NGLS), a publicly traded Delaware limited partnership that is a leading provider of midstream natural gas and natural gas liquid services in the United States. Targa Resources Partners LP is engaged in the business of gathering, compressing, treating, processing and selling natural gas and storing, fractionating, treating, transporting and selling natural gas liquids, or NGLs, and NGL products.For additional information about this transaction, please contact:
- Date
- December 2010
- Company
- Targa Resources Corp.
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
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