Move will simplify corporate architecture
Tallgrass Energy GP (ticker: TEGP) is simplifying its structure, acquiring its subsidiary Tallgrass Energy Partners (ticker: TEP).

TEP unitholders will receive two shares of TEGP for each TEP common unit, which is almost exactly even with yesterday’s closing prices. Upon completion of the transaction, TEGP will change its name to Tallgrass Energy, LP, and will trade under the ticker TGE.

The overall effect of this transaction will be to convert Tallgrass from a parent company holding an MLP to a ...

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