Blackstone Infrastructure offers to buy rest of Tallgrass Energy
Blackstone Infrastructure Partners offered to buy the shares of Tallgrass Energy LP that it doesn’t already own for $19.50 a share, according to an Aug. 27 letter. The non-binding proposal values Tallgrass at $5.5 billion, Bloomberg said. The proposal comes months since Blackstone acquired a controlling stake in Tallgrass for $3.3 billion. Tallgrass, of Leawood, Kansas, is a midstream energy infrastructure company operating across 11 states.
28 August 2019•7 mins read
