August 28, 2019 / 1:42 AM / 22 days ago

Tallgrass Energy receives take-private offer from Blackstone

Aug 27 (Reuters) - Midstream energy firm Tallgrass Energy said on Tuesday it had received an offer from Blackstone Infrastructure Partners, its partners and affiliates to acquire the shares in Tallgrass that they do not already own. These shareholders, which together already own about a 44.2% stake in Tallgrass, have made a non-binding preliminary proposal to acquire the remaining stake at $19.50 per Class A share, Tallgrass said. Tallgrass said here its board intends to form a committee consisting of independent directors to consider the proposal. (Reporting by Arundhati Sarkar in Bengaluru Editing by Leslie Adler)

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