Cheniere Energy, Inc and Cheniere Energy Partners LP Holdings recently announced in June a definitive merger agreement under which Cheniere Energy will acquire all of the publicly-held shares of Cheniere Partners Holdings not already owned by Cheniere in a stock for share transaction pursuant to which Cheniere Partners Holdings’ shareholders will receive a fixed exchange ratio of 0.4750 Cheniere shares for each outstanding publicly-held share of Cheniere Partners Holdings.
The transaction is valued at $30.93 per common share of Cheniere Partners Holdings based on the closing price of the company’s shares as of June 18, 2018. The transaction is expected to qualify as a tax-free reorganisation for Cheniere Partners Holdings’ shareholders.
The conflicts committee of the board of directors of Cheniere Partners Holdings negotiated the transaction on behalf of Cheniere Partners Holdings and its public shareholders. The transaction was unanimously approved by the boards of directors of both Cheniere Partners Holdings and Cheniere.
The transaction is expected to close by the end of third quarter 2018, subject to customary closing conditions. Upon consummation of the transaction, Cheniere Partners Holdings will merge with a wholly owned subsidiary of Cheniere.
For more information, visit: www.cheniere.com
18th July 2018
