Atlas Energy, L.P. Announces Atlas Pipeline’s Closing of TEAK Midstream Acquisition

PHILADELPHIA--(BUSINESS WIRE)--Atlas Energy, L.P. (NYSE: ATLS) (“Atlas Energy” or “ATLS”) announces that its midstream subsidiary, Atlas Pipeline Partners, L.P. (NYSE: APL), has closed on its previously announced purchase of TEAK Midstream, L.L.C. (“TEAK Midstream” or “TEAK”), a private midstream company. The effective date of the acquisition was April 1, 2013. Final cash consideration for TEAK totaled $1.0 billion, subject to working capital and other adjustments contemplated by the Purchase and Sale Agreement.