On Wednesday, Targa Resources Corp. (NYSE:TRGP)’s shares surged 4.53% to $106.96.
Targa Resources Partners LP (NGLS) and its partner Targa Resources Partners Finance Corporation, declared the commencement of an offer to exchange any and all of the outstanding unsecured 6 5/8% Senior Notes due 2020 issued by Targa Pipeline Partners LP (formerly known as Atlas Pipeline Partners, L.P.) and Targa Pipeline Finance Corporation (formerly known as Atlas Pipeline Finance Corporation), which have an aggregate principal amount outstanding of $355.1 million, for an equal amount of new unsecured 6 5/8% Senior Notes due 2020 issued by Targa.
The new TRP Notes will have substantially the same economic terms as the outstanding APL Notes for which they are being offered in exchange, counting interest rate, interest payment dates, optional redemption terms and maturity. The new TRP Notes will rank pari-passu with Targa’s six outstanding series of senior notes. The exchange of TRP Notes for the APL Notes will be conducted on a par-for-par basis, except that holders that tender after 5:00 P.M., New York City time, on April 24, 2015 will receive $970 in principal amount of TRP Notes for each $1,000 principal amount of APL Notes tendered.
The exchange offer will expire at 11:59 p.m., New York City time, on May 8, 2015, unless extended or terminated. The consummation of the exchange offer is subject to certain conditions counting, among others, a majority in aggregate principal amount of outstanding APL Notes being validly tendered preceding to the Expiration Date.
Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP, provides midstream natural gas and natural gas liquid (NGL) services in the United States. The company operates in two divisions, Gathering and Processing, and Logistics and Marketing.
AGCO Corporation (NYSE:AGCO)’s shares gained 4.52% to $49.44, during the last trading session on Wednesday.
AGCO Corporation, has unveiled AGCOstore.com, its new online store for genuine AGCO-branded toys, collectibles and workshop products.
Developed because of high demand from AGCO customers, dealers and employees, AGCOstore.com is the company’s new home for toys and workshop products from AGCO customers’ favorite brands, such as Massey Ferguson®, Challenger®, Gleaner®, RoGator®, TerraGator®, Fendt®, Hesston®, AGCO Parts and AGCO heritage brands (Cockshutt®, Minneapolis-Moline®, Oliver® and White). Products comprise die cast scale models, plush toys, branded toolboxes, gloves, hand tools, belt buckles and more.
AGCO has extended its focus on premium customer service to AGCOstore.com by offering online customer support, next-day shipping and free shipping on orders over $150 in the continental United States. In addition, when making a purchase on AGCOstore.com, customers have the option of selecting their local dealership. A portion of each sale is then shared with the local dealer.
AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers tractors, counting high horsepower tractors that are used on larger farms primarily for row crop production; utility tractors for small- and medium-sized farms, in addition to for specialty agricultural industries comprising dairy, livestock, orchards, and vineyards; compact tractors for small farms, specialty agricultural industries, landscaping, and residential uses; and combines used in harvesting grain crops, such as corn, wheat, soybean, and rice products.
At the end of Wednesday’s trade, Emerald Oil, Inc. (NYSEMKT:EOX)’s shares gained 4.52% to $0.6450.
Emerald Oil, plans to declare its first quarter 2015 financial and operational results on Monday, May 4, 2015 after the close of trading on the NYSE MKT. The Company will host a conference call on Tuesday, May 5, 2015 at 10:00 a.m. Eastern Time to talk about financial and operational results for the quarter end.
Emerald Oil, Inc. operates as an independent oil and natural gas exploration and production company in the United States. The company designs, drills, and operates oil and natural gas wells. It primarily focuses on acquiring acreage and developing oil and natural gas wells in the Williston Basin located in North Dakota and Montana.
Finally, Marathon Oil Corporation (NYSE:MRO), ended its Wednesday’s trading session with 4.42% gain, and closed at $30.70, as the rally in oil prices sent some energy stocks soaring last day.
The commodity jumped due to concerns regarding the ongoing uncertainty in the Middle East and data from the Energy Information Administration that showed crude oil stockpiles grew by 1.3 million barrels to 483.7 million barrels in the week ended April 10, less than the 3.6 million barrel raise analysts polled by the Wall Street Journal had forecast.
Marathon Oil Corporation operates as an energy company. It operates in three segments: North America Exploration and Production, International Exploration and Production, and Oil Sands Mining. The North America Exploration and Production segment explores for, produces, and markets crude oil and condensate, natural gas liquids, and natural gas in North America.
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