American Midstream Partners (AMID) approached by ArcLight Energy Partners

  • January 4, 2019


StockAmerican Midstream Partners, LPSymbolAMID
Date Announced01/03/2019Source Press Release
TypeUnsolicited BidAcquiring Company/Person ArcLight Energy Partners Fund
Date of Confirmation: 03/18/2019Price at Confirmation: $5.12
Potential Profit: 62.54%Annualized Profit: 308.47%

American Midstream Partners, LP (AMID) today announced that the Board of Directors of American Midstream GP, LLC has received a revised non-binding proposal from an affiliate of ArcLight Energy Partners Fund V, L.P., 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.


March 18, 2019: American Midstream Partners, LP (AMID) today announced that it has entered into a definitive agreement and plan of merger with an affiliate of ArcLight Energy Partners Fund V, L.P.

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