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Cheniere Energy Partners (CQH) approached by Cheniere Energy (LNG)

  • May 17, 2018

POTENTIAL DEAL DETAILS

StockCheniere Energy Partners LP Holdings, LLCSymbolCQH
Date Announced05/17/2018Source Press Release
TypeUnsolicited BidAcquiring Company/Person Cheniere Energy, Inc.
Date of Confirmation: 06/19/2018Price at Confirmation: $31.21
Potential Profit: 8.78%Annualized Profit: 97.15%

Cheniere Energy, Inc. (LNG) announced today that it has submitted a proposal to the board of directors of Cheniere Energy Partners LP Holdings, LLC (CQH) to acquire the publicly held shares of Cheniere Partners Holdings not already owned by Cheniere in a stock for stock exchange.

Update(s):

June 19 ,2018: Cheniere Energy, Inc. (LNG) and Cheniere Energy Partners LP Holdings, LLC (CQH) announced today that they have reached a definitive agreement under which Cheniere 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.

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