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Koch Industries Subsidiary Acquires Petrologistics LP For $2.1 Billion

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May 30, 2014

Petrologistics LP (NYSE: PDH), alongside its general partner Petrologistics GP LLC, was acquired by Flint Hills Resources LLC, a subsidiary of Koch Industries Inc., the company said May 28.

The transaction is worth about $2.1 billion, the company said, noting that it is scheduled to close before the end of the year.

Flint Hills acquired PetroLogistics’ outstanding common units at $14 each, the company said, noting that units owned by its chairman, president and CEO Lindsay Goldberg would be acquired for $12 each.

The board of directors at Petrologistic’s general ...

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