Cheniere Energy Inc. (NYSE MKT: LNG) terminated negotiations with the conflicts committee of Cheniere Energy Partners LP Holdings LLC’s board of directors regarding Cheniere’s proposal to acquire all of the publicly held shares of Cheniere Partners Holdings, not already owned, in a stock-for-stock merger transaction.
There were more than six weeks of negotiations, but Cheniere determined that an acceptable definitive agreement could not be reached, according to a Dec. 9 press release.
Cheniere originally offered 0.5049 Cheniere shares for each outstanding Cheniere Partners Holdings share.
Cheniere currently owns 80.1% of the issued and outstanding shares of Cheniere Partners Holdings.
Recommended Reading
Offshore, International, Digital Drive 4Q Results at SLB
2024-01-22 - Offshore sector’s long-cycle developments and continued international investments contribute to upcycle.
NOV's AI, Edge Offerings Find Traction—Despite Crowded Field
2024-02-02 - NOV’s CEO Clay Williams is bullish on the company’s digital future, highlighting value-driven adoption of tech by customers.
TechnipFMC Eyes $30B in Subsea Orders by 2025
2024-02-23 - TechnipFMC is capitalizing on an industry shift in spending to offshore projects from land projects.
SBM Offshore Announces CEO Departure, Succession
2024-01-24 - SBM Offshore’s Bruno Chabas is stepping down as CEO; the board has appointed Øivind Tangen as his successor, effective in April.
Flame Acquisition Holders Approve Merger with Sable Offshore
2024-02-14 - The business combination among Flame Acquisition Corp., Sable Offshore Holdings and Sable Offshore Corp. will be renamed Sable Offshore Corp.