Blackstone Floats $3B Offer to Buy Rest of Tallgrass Energy

Back in January Tallgrass Energy, builder and operator of the mighty Rockies Express (REX) pipeline which is a critical link that flows Marcellus/Utica gas to Midwestern markets, dropped the bombshell announcement that investment firm Blackstone was buying a “controlling” interest in the company (see Blackstone Buys Controlling Interest in Tallgrass Energy). Blackstone now wants to buy the rest of the shares they don't already own--and take Tallgrass private.

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