Cheniere completes Cheniere Partners Holdings merger

Cheniere and Cheniere Energy Partners complete mergerImage courtesy of Cheniere

US LNG exporter Cheniere said it has completed the merger of Cheniere Partners Holdings with a unit of Cheniere.

As a result of the merger, all of the publicly-held shares of Cheniere Partners Holdings not owned by Cheniere were canceled and shareholders received 0.4750 shares of common stock of Cheniere for each publicly-held share of Cheniere Partners Holdings.

Cheniere added in its statement that the shares of Cheniere Partners Holdings will no longer trade on the NYSE American.

Cheniere Partners Holdings shareholders approved the merger by the written consent of approximately 97.6 percent of the total outstanding common shares, including approximately 70.4 percent of outstanding common shares excluding shares owned by Cheniere.

Approximately 99.9 percent of all written consents delivered voted to approve the merger.

J.P. Morgan Securities acted as financial advisor, and Sullivan & Cromwell and Sidley Austin acted as legal advisors to Cheniere.

Jefferies and Richards, Layton & Finger, acted as financial and legal advisors to the conflicts committee of Cheniere Partners Holdings.

Share this article

Follow LNG World News

Events>

<< Nov 2018 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 1 2

The International Gas Cooperation Summit (IGCS)

The Summit will put the objectives of South Africa and the region at the forefront of international gas development…

read more >

LNG Supply, Transport & Storage South Asia Forum 2018

LNG Supply, Transport & Storage South Asia Forum 2018 will address and propagate LNG imports…

read more >

The Nineteenth CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening is recognised as the premier end of year gathering for the global LNG industry.

read more >

LNG India Summit 2018

After three successful editions, LNG Summit is back with yet another edition for chief LNG…

read more >