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Blueknight Energy Partners (BKEP) approached by Ergon

  • August 6, 2019


StockBlueknight Energy Partners, L.P.SymbolBKEP
Date Announced08/05/2019Source Press Release
TypeUnsolicited BidAcquiring Company/Person Ergon, Inc.
Date of Confirmation: 04/22/2022Price 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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