General News | Deals - Acquisition, Mergers, Divestitures
Cheniere Makes Buyout Offer to Cheniere Energy Partners Holdings
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Cheniere Energy has submitted a proposal to the board of directors of Cheniere Energy Partners LP Holdings to acquire the publicly held shares of Cheniere Partners Holdings not already owned by Cheniere in a stock for stock exchange.
The proposed consideration represents a value of $21.90 per common share of Cheniere Partners Holdings, or a premium of approximately 3.0% over the closing price of Cheniere Partners Holdings' shares.
Cheniere is proposing consideration of 0.5049 Cheniere shares for each outstanding publicly-held share of Cheniere Partners Holdings as part of a transaction that would be structured as a merger of Cheniere Partners Holdings with a wholly-owned subsidiary of Cheniere.
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