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Sprague Resources (SRLP) Announces Receipt of Proposal to Acquire All of its Outstanding Common Units

  • January 12, 2022

POTENTIAL DEAL DETAILS

StockSprague Resources LPSymbolSRLP
Date Announced01/11/2022Source Press Release
TypeUnsolicited BidAcquiring Company/Person Hartree Partners, LP
Date of Confirmation: 06/02/2022Price at Confirmation: $16.06
Potential Profit: -5.97%Annualized Profit: -15.35%

Sprague Resources LP (SRLP) announced that it received an unsolicited non-binding proposal from Hartree Partners, LP dated January 11, 2022, pursuant to which Hartree would acquire all of the outstanding common units of Sprague that Hartree and its affiliates do not already own in exchange for $16.50 in cash per Common Unit.

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