11:12 AM EST - AltaGas Income Trust : has offered to buy Taylor NGL LP for $245 million in a friendly takeover. The cash or stock offer of $11.20 -- 0.42 units of AltaGas per Taylor unit for those who elect to receive stock -- is a 24 percent premium over the Friday closing price of Taylor units. On top of the purchase price, AltaGas, which already owns 9.6 percent of Taylor's units, will assume $142 million in debt. AltaGas Income Trust
shares T.ALA.UN are trading down 60 cents at $25.98.
