Blackstone secures deal to take Tallgrass Energy private

Blackstone Infrastructure Partners has found the right formula to take Tallgrass Energy LP private.

According to a Tuesday release, the Leawood-based midstream energy infrastructure company (NYSE: TGE) agreed to be acquired for $22.45 per Class A share — a 15% premium on its preliminary proposal.

Blackstone and its partners and affiliates issued a preliminary proposal letter in August that would have offered $19.50 a share.

Blackstone paid about $3.3 billion in February to acquire a 44% stake…


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