BRIEF-Tallgrass Energy Partners acquires about 25 pct interest in Rockies Express Pipeline
April 3 Tallgrass Energy Partners Lp
* Tallgrass Energy Partners acquires approximate 25 percent interest in Rockies Express Pipeline
* Tallgrass Energy Partners Lp - deal for $400 million
* Tallgrass Energy Partners Lp - acquisition increases Tep's ownership interest in Rex to approximately 50 percent
* Tallgrass Energy Partners Lp - expect transaction to be immediately accretive to unitholders
* Tallgrass Energy Partners - intend to recommend to board of general partner that Tep increase its quarterly distributions for Q2 and Q3 of 2017
* Tallgrass Energy Partners - recommend to increase quarterly distributions for Q2 and Q3 of 2017 by aggregate of at least $0.40 per unit on annualized basis Source text for Eikon: Further company coverage: