Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: ValuEngine, Inc.
$25.00
Provider: MacroRisk Analytics/EconomicInvestor
$25.00
Provider: S&P Capital IQ Quantitative Report
$115.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Global Partners LP Signs Agreement To Acquire Majority Interest In Basin Transload LLC


Friday, 5 Oct 2012 08:00am EDT 

Global Partners LP announced that it has signed a purchase agreement to acquire a 60% membership interest in Basin Transload LLC, which operates two transloading facilities in North Dakota with a combined rail loading capacity of 160,000 barrels per day. The total purchase price is expected to be approximately $80 million. Under the purchase agreement, Global will acquire a 60% membership interest in Basin Transload, with the remaining 40% split evenly between current owners TGC, L.P. and MBI Holdings, LLC. Global intends to arrange an optimal financing structure for the transaction, and is currently considering several debt financing options. The transaction, which has been approved by the Board of Directors of the Partnership’s general partner, Global GP LLC, is subject to customary regulatory approvals, due diligence and various other customary commercial closing conditions. The purchase is expected to be completed by the end of this year. 

Company Quote

38.07
0.0 +0.00%
17 Apr 2014