Blueknight Energy Partners (BKEP) approached by Ergon

  • August 6, 2019

POTENTIAL DEAL DETAILS

Stock Blueknight Energy Partners, L.P. Symbol BKEP
Date Announced 08/05/2019 Source Press Release
Type Unsolicited Bid Acquiring Company/Person Ergon, Inc.
Date of Confirmation: 04/22/2022 Price at Confirmation: $4.57
Potential Profit: 241.04% Annualized Profit: 88.78%

Ergon has made a non-binding proposal to the Board of Directors of Blueknight Energy Partners G.P., L.L.C. (BKEP), the general partner of the Partnership, pursuant to which Ergon would acquire all the outstanding Common Units and Series A Preferred Units of the Partnership not already owned by Ergon and its affiliates for a cash purchase price of $1.35 per Common Unit and $5.67 per Series A Preferred Unit.

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