When Arclight Buys a Company Do They Continue in the Stock Market Under a Different Name
- Finance
- Watchlists
- My Portfolio
- Cryptocurrencies
- Yahoo Finance Plus
- News
- Screeners
- Markets
- Options: Highest Open Interest
- Options: Highest Implied Volatility
-
- Personal Finance
- Videos
- Influencers with Andy Serwer
- America: Back in Business
-
- All Markets Summit
- Yahoo U
- Industries
- Tech
- Contact Us
-
S&P Futures
-
Dow Futures
-
Nasdaq Futures
-
Russell 2000 Futures
-
Crude Oil
-
Gold
-
Silver
-
EUR/USD
-
10-Yr Bond
-
Vix
-
GBP/USD
-
USD/JPY
-
BTC-USD
-
CMC Crypto 200
-
FTSE 100
-
Nikkei 225
ArcLight Completes Acquisition of a 25% Interest in the Gulf Coast Express Pipeline
BOSTON , May 17, 2022 /PRNewswire/ -- ArcLight Capital Partners, LLC and affiliates (collectively, "ArcLight") announced today that it has completed the acquisition of a wholly-owned subsidiary of Targa Resources Corp. (NYSE: TRGP) ("Targa") that owns a 25% equity interest in Gulf Coast Express Pipeline ("GCX") for $857 million.
GCX is a premier, natural gas pipeline with 2.02 Bcf/d of capacity that is underpinned by a diverse array of shippers under long-term, committed contracts. GCX is operated by Kinder Morgan Inc. and provides critical residue gas takeaway service from the Permian Basin to key US Gulf Coast end-markets, including key emerging demand regions such as the growing liquefied natural gas ("LNG") export market in South Texas.
"ArcLight is pleased to acquire newly constructed, critical-path midstream infrastructure to assist continued energy transition efforts," said Lucius Taylor, Managing Director at ArcLight. "We strongly believe that, alongside our operating partners, GCX will continue to help supply growing global gas demand by bringing responsibly-sourced Permian Basin natural gas production to key demand markets as we transition to a clean and secure energy future."
Macquarie Capital (USA) Inc. acted as financial advisor and Latham & Watkins LLP acted as legal counsel to ArcLight on the transaction.
About ArcLight
ArcLight is a leading private equity firm focused on energy, infrastructure and energy transition with a successful long-term track record. Founded in 2001, the firm helped pioneer an asset-based approach to investing across the power, renewables, infrastructure and broader energy value chain. Since then, ArcLight has invested approximately $26 billion in 116 transactions, including over $10 billion of equity capital into the electrification segment, which includes power, transmission, renewable infrastructure and energy transition investments. Through its large infrastructure portfolio, ArcLight is focused on providing decarbonizing energy solutions with a strong ESG focus. Based in Boston, the firm's investment team employs a value-added investment approach that benefits from its dedicated in-house technical, operational, and commercial specialists and partners, as well as the firm's approximately 1,500-person asset management affiliate. More information about ArcLight can be found at www.arclight.com.
View original content:https://www.prnewswire.com/news-releases/arclight-completes-acquisition-of-a-25-interest-in-the-gulf-coast-express-pipeline-301549622.html
SOURCE ArcLight Capital Partners
-
Radiant Baby Names That Literally Mean 'Light'
Babies bring so much light into our lives. They're pure, full of joy, and they've got giggles for days. Plus, every baby deserves a brilliant name that will inspire their sunlit paths in life — encouraging them to shine on, even in moments when the world feels wrapped in darkness. That's why we're loving all […]
-
-
-
-
'We Are Seeing Very Attractive Valuations': Billionaire Dan Loeb Likes These 2 Stocks in Particular
Dan Loeb, founder and CEO of the New York-based asset management firm Third Point, has built a reputation for active investing and staking out aggressive market stances – and it's a strategy that has worked for him. Since founding his fund in 1995, Loeb has built it into a Wall Street giant, with some $16 billion in total assets under management. While Loeb may be aggressive in his investment tactics, he keeps himself firmly rooted in reality, and his recent client letter has taken clear note of
-
AdMeet exactly who you want
Spend Your Time Dating Instead Of Searching. Meet Successful & Passsionate Matches Today.
-
-
Elon Musk Prepares Huge Gift for Tesla Investors
Elon Musk took out the carrot. The CEO of Tesla tried on October 19 to reassure the electric vehicle maker's shareholders after a completely disastrous first half of October for Tesla shares. Tesla shares have lost 16.3% since September 30, which translates into a decline in market value of approximately $135 billion.
-
Why Nokia Stock Just Flopped
Shares of onetime cellphone giant now turned telecommunications infrastructure company Nokia (NYSE: NOK) plunged after it reported an earnings miss this morning. Analysts had forecast Nokia would earn "comparable" operating profits of 690.6 million euros ($676 million) in its fiscal third-quarter report, but Nokia reported a comparable operating profit of only 658 million euros. As of 12:35 p.m. ET, Nokia stock is down 7.8%.
-
AdFunny Images That Show How Small Things Are
These captivating photographs capture the unexpected scale of things in the physical world and elsewhere
-
Analysis-As U.S. Treasuries tumble, some investors say turning point is near
Some investors believe Treasury yields are close to peaking, even as markets continue pricing in more hawkishness from a Federal Reserve bent on taming the worst inflation in decades. It's a refrain that has been heard more than once in 2022, as a steep selloff in Treasuries steamrolls investors who bet markets would soon reverse, while battering stocks and fueling the dollar's climb. The tumble in bonds has intensified in recent days, as U.S. Treasury yields - which move inversely to prices - hit their highest levels since the 2008 global financial crisis on concerns that the Fed would need to raise rates more aggressively to bring down consumer prices.
-
-
Forget Tesla: Here Are 2 Lesser-Known EV Stocks to Watch
Everyone knows by now that electric vehicles (EVs) are the future and sector leader Tesla is already a world-famous brand. While those that cottoned on early to the opportunity have done well by backing Tesla, the sector presents plenty of other opportunities for investors, especially now that government policies are tilting heavily in EVs' favor. Recent times have seen the passing of the Inflation Reduction Act (IRA) which contains initiatives and tax credits to help accelerate EV adoption, whi
-
AdSpread Baking Soda Under Your Eyes Today
Usually used for cooking and baking. Get ready to discover 25 impressive examples of how to use Baking Soda around your home that will blow you away.
-
Cathie Wood Buys Tesla Dip Again After 3Q Miss, Lackluster View
(Bloomberg) -- Cathie Wood bought more Tesla Inc. shares as the stock tumbled after the electric-vehicle bellwether reported lackluster quarterly sales and said it will miss broad annual growth targets for the year.Most Read from BloombergChina Summons Chip Firms for Emergency Talks After US CurbsTrump Deposed in Suit by Investors Claiming Fraud in 'Apprentice' Videophone PitchesLiz Truss Odds: The Front-Runners to Replace the Prime MinisterWeed Is Coming to Circle K Gas Stations in US Next Year
-
Ad12 Foods You Can Eat a Lot of Without Getting Fat
List Of Healthy Foods You Can Eat Without Gaining Any Weight
-
Why LM Ericsson Stock Is Crashing Today
Shares of Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) fell hard on Thursday, following a third-quarter earnings report that fell short of market expectations. Ericsson's stock traded 15.1% lower at 1:20 p.m. ET, having fallen as much as 19.5% earlier in the day. The Swedish maker of telecom-grade networking equipment saw Q3 sales rise 21% year over year to SEK 68 billion ($6 billion).
-
-
Down More Than 40%: These 3 'Strong Buy' Stocks Are Trading at Steep Discounts
Is the market truly ready for a sentiment shift? According to a recent BofA survey, there are signs the foundations for one are taking shape right now. The survey showed that the average cash level in investors' portfolios in October hit 6.3%, a level not seen since April 2001 and some way higher than the long-term average of 4.8%. So, there's plenty of cash waiting on the sidelines and ready to be deployed. With the Fed potentially easing its monetary policy next year, BofA thinks a rally in th
-
AdPuppy Gets Returned For 11th Time Because Of...
Adopting a dog is never a simple procedure as some of the most satisfying pets to own are those that were the most challenging to nurture.
-
Source: https://finance.yahoo.com/news/arclight-completes-acquisition-25-interest-205900682.html
0 Response to "When Arclight Buys a Company Do They Continue in the Stock Market Under a Different Name"
Postar um comentário