Höegh LNG Partners (HMLP) Receives Buyout Offer from Höegh LNG Holdings

  • December 6, 2021

POTENTIAL DEAL DETAILS

StockHöegh LNG Partners LPSymbolHMLP
Date Announced12/06/2021Source Press Release
TypeUnsolicited BidAcquiring Company/Person Höegh LNG Holdings Ltd.
Date of Confirmation: 05/25/2022Price at Confirmation: $9.04
Potential Profit: 111.21%Annualized Profit: 238.79%

Höegh LNG Partners LP (HMLP) announced that the Board of Directors of the Partnership received an unsolicited non-binding proposal, dated December 3, 2021, from Höegh LNG Holdings Ltd. pursuant to which Höegh LNG would acquire through a wholly owned subsidiary all publicly held common units of the Partnership in exchange for $4.25 in cash per common unit.

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