acquisition

It is the latest acquisition by the Wall Street firm to broaden its offerings to clients outside of traditional investing and furthers Chief Executive David Solomon’s goal of building up the bank’s asset-management division.

Targa said the acquisition will grow its sour gas treating capabilities and expand its gathering and processing footprint in the Permian Basin.

Chief Executive Marc Murtra said at the Spanish telecommunication company’s capital markets day on Nov. 4 that he would consider a capital raise for the right merger and acquisition opportunities.

The fact it was done with his expensive summer acquisitions showing better form will be an added boost as the pressure valve is released around the Dutchman over his future.

The share count will increase when newly created stock is shoveled to executives as part of their compensation or if shares are issued to help pay for acquisitions.