Cheniere Energy Inc.has offered to buy the remaining shares of Cheniere Energy Partners LP Holdings LLC it does not already own in a stock exchange. Cheniere is offering 0.5049 Cheniere shares for each outstanding publicly-held shares of Cheniere Partners Holdings as part of a transaction that would be structured as a merger of Cheniere Partners Holdings with a subsidiary of Cheniere. The offer represents a value of $21.90/share of Cheniere Partners Holdings, or a premium of 3.0% based on Thursday’s closing price. Cheniere Partners Holdings owns a 55.9% limited partner interest in Cheniere Energy Partners LP. Cheniere Partners Holdings’ only business consists of owning Cheniere Partners units and, accordingly, its results of operations and financial condition are dependent upon the performance of Cheniere Partners. “We believe the proposed transaction is attractive to investors in Cheniere Partners Holdings who, as new LNG [Cheniere Energy Inc.] shareholders, would have the opportunity to participate in the future success of the entire Cheniere complex,” said Cheniere Energy Inc. CEO Jack A. Fusco. “In addition, shareholders of Cheniere Partners Holdings would receive an attractive premium over its recent trading levels and a significant increase in the trading liquidity of their investment.”
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Range Onshore Output Jumps in Second Quarter
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Trio of Marcellus Takeaway Projects Approved to Begin Construction
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Spectra Announces Marcellus Projects as Delay Threatens Another
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