Targa Resources Corp. - 2010-12-07

Priced its initial public offering of 16.375 million shares of its common stock at $22 per share. Once the offer closes, the public will own approximately 38.7% of the outstanding common shares of Targa, or 44.5% if the underwriters exercise in full their over-allotment option. Barclays Capital, Morgan Stanley, BofA Merrill Lynch, Citi and Deutsche Bank Securities are joint book-running managers. Credit Suisse, J.P. Morgan, Wells Fargo Securities, Raymond James, RBC Capital Markets and UBS Investment Bank are co-lead managers. Robert W. Baird and ING are co-managers.