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


Stock Sprague Resources LP Symbol SRLP
Date Announced 01/11/2022 Source Press Release
Type Unsolicited Bid Acquiring Company/Person Hartree Partners, LP
Date of Confirmation: 06/02/2022 Price at Confirmation: $16.06
Potential Profit: -5.97% Annualized Profit: -15.46%

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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