Deal Details
Secondary Offering
Summary
Baird served as a co-manager in this offering.
About
Targa Resources Corp. (NYSE: TRGP) (the “Company”) recently completed a secondary offering of 6,497,500 shares of its common stock at $31.73 per share generating gross proceeds of approximately $206.1 million. The Company did not receive any proceeds from the offering as all of the shares were sold by existing stockholders.Targa Resources Corp. 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.
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- Date
- April 2011
- Company
- Targa Resources Corp.
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
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