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TPL - The Clouds Are Clearing Over Texas Pacific Land Trust
Texas Pacific Land Trust
Texas Pacific Land Trust (TPL)’s second quarter is finished now, and good riddance.
This article willnot recap the proxy battle or the legal fights in any detail. Those battles are apparently over and both sides are now in negotiations to convert the Trust into aC corporation. At least one C Corporation will likely develop out of those talks, and perhaps a second one will come too, if the Trust’s water business is spun off into a separate corporation.
In the meantime, the second quarter results are out. At first glance,