Vinson & Elkins Advises Targa Resources in $1.8 Billion Repurchase of Equity in Targa Badlands
Vinson & Elkins advised Targa Resources Corp. (“Targa”), a leading provider of midstream services and one of the largest independent midstream infrastructure companies in North America, in the execution of a definitive agreement to acquire Blackstone / GSO Blazer Holdings LLC’s 45% interest in Targa Badlands LLC, the entity that holds all of Targa’s assets in North Dakota, for approximately $1.8 billion in cash.
The Vinson & Elkins corporate team was led by partners Benji Barron and Mike Telle and associate John Frey, with assistance from associates Matthew Rando and Jake Whelen. Also advising were partners Ryan Carney and Brian Russell and associate Addy Jackson.
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