Chevron (CVX) Announces Offer to Acquire Noble Midstream Partners (NBLX)

POTENTIAL DEAL DETAILS

Stock Noble Midstream Partners LP Symbol NBLX
Date Announced 02/05/2021 Source Press Release
Type Unsolicited Bid Acquiring Company/Person Chevron Corporation
Date of Confirmation: 03/05/2021 Price at Confirmation: $15.05
Potential Profit: 13.16% Annualized Profit: 171.52%

Chevron Corporation (CVX) announced today that it has submitted a non-binding proposal to the Board of Directors of Noble Midstream GP LLC, the general partner of Noble Midstream Partners LP (NBLX), to acquire all of the publicly held common units representing limited partner interests in NBLX not already owned by Chevron and its affiliates

Update(s):

February 08, 2021: Noble Midstream Partners LP (NBLX) announced the Partnership has received a non-binding proposal (the “Proposal”) from Chevron Corporation (CVX) to acquire all of the publicly held common units representing limited partner interests in the Partnership not already owned by Chevron and its affiliates.

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