Höegh LNG acquisition completed
Updated: Sep 26, 2022 08:42 PM
Bermudian-based Höegh LNG Partners LP, the floating liquefied natural gas service provider, has announced the completion of its previously announced acquisition by Höegh LNG Holdings Ltd.
Höegh LNG acquired all of the outstanding common units of the partnership not already owned by Höegh LNG.
Each common unit, other than those owned by Höegh LNG, was automatically converted into the right to receive $9.25 per common unit in cash.
The partnership's 8.75 per cent Series A cumulative redeemable preferred units will remain outstanding.
The partnership requested that trading of the common units on the New York Stock Exchange be suspended before the beginning of trading Monday.
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Published September 26, 2022 at 3:02 pm (Updated September 26, 2022 at 8:42 pm)
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