Atlas Energy LP (NYSE: ATLS) and its midstream subsidiary Atlas Pipeline Partners LP (APL) announced the completion of the merger transactions of ATLS with a subsidiary of Targa Resources Corp. (NYSE:TRGP) and APL with a subsidiary of Targa Resources Partners LP (NYSE: NGLS). The closing of the mergers occurred after they received approval by ATLS and APL unitholders as well as TRC stockholders at special meetings on Feb. 20.

Each ATLS investor of record as of the close of business on Feb. 27 will receive $9.12 in cash and 0.1809 in TRGP shares for each ATLS unit owned, as well as one Atlas Energy Group LLC (AEG) common unit for every two ATLS common units held as of the record date for the distribution. AEG will hold Atlas Energy’s non-midstream assets as a result of the spin-off from ATLS, and will trade on the NYSE under the ticker symbol “ATLS” beginning March 2.

With the completion of the APL Merger, each APL investor of record as of the close of business on Feb. 27 will receive 0.5846 units of NGLS and $1.26 in cash for each APL unit owned.