Atlas Energy L.P (ATLS) announced Monday morning that it and its subsidiary, Atlas Pipeline Partners L.P. (APL), agreed to be acquired by Targa Resources Corp. (TRGP) and Targa Resources Partners LP (NGLS), for approximately $7.7 billion.
Atlas Energy gapped open sharply higher Monday, but traded in a range for the majority of the session. The stock closed up by 4.84 at $37.25 on the highest volume of the year. Atlas Energy rebounded from the lows of the year, following a week and a half long decline.
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