Alerian Reports December 31, 2018 Index Linked Product Positions
Posted on Friday February 01, 2019
DALLAS , Feb. 1, 2019 /PRNewswire/ -- Alerian reported index linked product positions of $12.2 billion as of December 31, 2018 . Linked products include exchange-traded funds, exchange-traded notes, return ...
ArcLight subsidiary decreases unsolicited buyout offer for Houston midstream co.
Posted on Friday January 04, 2019
A subsidiary of Boston’s ArcLight Energy Partners Fund V LP has decreased the buyout offer it sent to Houston-based American Midstream Partners LP (NYSE: AMID) in September. The original offer was for $6.10 per common unit, but that’s been revised to $4.50 per common unit, according to a Jan. 3 press release. The rest of the terms remain as set forth in the original offer, but there’s no guarantee a deal will be reached.
[$$] American Midstream Receives Revised Buyout Offer From ArcLight
Posted on Thursday January 03, 2019
ArcLight Capital Partners has offered to buy common units in the partnership that it and its affiliates don’t own already for $4.50 a unit.
American Midstream Receives Revised Buyout Offer from ArcLight
Posted on Thursday January 03, 2019
HOUSTON, Jan. 3, 2019 /PRNewswire/ -- American Midstream Partners, LP (AMID) ("AMID" or "Partnership") today announced that the Board of Directors of American Midstream GP, LLC ("GP Board") has received a revised non-binding proposal from an affiliate of ArcLight Energy Partners Fund V, L.P. ("ArcLight"), directed to members of the Conflicts Committee of the GP Board, pursuant to which ArcLight would acquire all common units of the Partnership that ArcLight and its affiliates do not already own in exchange for a revised offer price of $4.50 per common unit. The other proposed terms of the potential transaction remain as set forth in the original non-binding proposal announced on September 28, 2018. The proposed transaction remains subject to a number of contingencies, including the approval of the Conflicts Committee of the GP Board, the approval by holders of a majority of the outstanding common units of the Partnership, and the satisfaction of any conditions to the consummation of a transaction set forth in any definitive agreement concerning the transaction. There can be no assurance that definitive documentation will be executed or that any transaction will materialize on the terms described above or at all.
