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Terminal News

Blackstone makes offer to buy out remaining Tallgrass shares

Blackstone makes offer to buy out remaining Tallgrass shares
Tallgrass Energy has received a take-private proposal from Blackstone Infrastructure Partners to acquire all remaining shares in the company.

The non-binding, preliminary proposal makes the offer to acquire all outstanding Class A shares not already owned by shareholders for $19.50 per share. This represents a 35.9% premium over the company's closing price on August 27.

The current shareholders own a 44.2% stake in the company.

Tallgrass' board will form a conflicts committee comprising independent directors of the board to consider the proposal.



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