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OCI Partners LP (OCIP) approached by OCI N.V. (OCINY)

  • June 5, 2018

POTENTIAL DEAL DETAILS

StockOCI Partners LPSymbolOCIP
Date Announced06/04/2018Source Press release
TypeUnsolicited BidAcquiring Company/Person OCI N.V.
Date of Confirmation: 06/19/2018Price at Confirmation: $11.45
Potential Profit: 4.09%Annualized Profit: 99.55%

OCI Partners LP (OCIP), today confirmed that our affiliate and owner of our general partner, OCI N.V.(OCINY), has commenced an unsolicited tender offer to acquire all of the outstanding publicly held common units representing limited partner interests in OCIP for $11.00 per unit in cash.

Update(s):

June 19, 2018: OCI Partners LP (OCIP), today announced that the Conflicts Committee (“Conflicts Committee” of the Board of Directors of OCIP’s general partner unanimously determined that the revised price being offered as of 19 June 2018 in the tender offer by our affiliate and owner of our general partner, OCI N.V. (OCINY) to acquire all of the outstanding common units representing limited partner interests in OCIP not currently held by OCI or its affiliates for $11.50 per common unit in cash, is fair to OCIP’s common unitholders (other than OCI and its affiliates).

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.