Cheniere Energy, Inc. and Cheniere Energy Partners LP Holdings, LLC Announce Completion of Merger
Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) and Cheniere
Energy Partners LP Holdings, LLC (“Cheniere Partners Holdings”) (NYSE
American: CQH) announced today that Cheniere has closed the previously
announced merger of Cheniere Partners Holdings with a wholly owned
subsidiary of Cheniere. As a result of the merger, all of the
publicly-held shares of Cheniere Partners Holdings not owned by Cheniere
were canceled and shareholders received 0.4750 shares of common stock of
Cheniere for each publicly-held share of Cheniere Partners Holdings, and
shares of Cheniere Partners Holdings will no longer trade on the NYSE
American.
Cheniere Partners Holdings shareholders approved the merger by the
written consent of approximately 97.6% of the total outstanding common
shares, including approximately 70.4% of outstanding common shares
excluding shares owned by Cheniere. Approximately 99.9% of all written
consents delivered voted to approve the merger.
J.P. Morgan Securities LLC acted as financial advisor, and Sullivan &
Cromwell LLP and Sidley Austin LLP acted as legal advisors to Cheniere.
Jefferies LLC and Richards, Layton & Finger, P.A. acted as financial and
legal advisors to the conflicts committee of Cheniere Partners Holdings.
About Cheniere
Cheniere Energy, Inc., a Houston-based energy company primarily engaged
in LNG-related businesses, owns and operates the Sabine Pass LNG
terminal in Louisiana. Directly and through its subsidiary, Cheniere
Energy Partners, L.P. (“Cheniere Partners”) (NYSE American: CQP),
Cheniere is developing, constructing, and operating liquefaction
projects near Corpus Christi, Texas and at the Sabine Pass LNG terminal,
respectively. Cheniere is also exploring a limited number of
opportunities directly related to its existing LNG business.
For additional information, please refer to the Cheniere website at www.cheniere.com
and Quarterly Report on Form 10-Q for the quarter ended June 30, 2018,
filed with the Securities and Exchange Commission.
Forward-Looking Statements
This press release contains certain statements that may include
“forward-looking statements” within the meanings of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934. All statements, other than statements of historical or present
facts or conditions, included herein are “forward-looking statements.”
Included among “forward-looking statements” are, among other things, (i)
statements regarding Cheniere’s business strategy, plans and objectives,
including the development, construction and operation of liquefaction
facilities, (ii) statements regarding expectations regarding regulatory
authorizations and approvals, (iii) statements expressing beliefs and
expectations regarding the development of Cheniere’s LNG terminal and
pipeline businesses, including liquefaction facilities, (iv) statements
regarding the business operations and prospects of third parties, (v)
statements regarding potential financing arrangements and (vi)
statements regarding future discussions and entry into contracts.
Although Cheniere believes that the expectations reflected in these
forward-looking statements are reasonable, they do involve assumptions,
risks and uncertainties, and these expectations may prove to be
incorrect. Cheniere’s actual results could differ materially from those
anticipated in these forward-looking statements as a result of a variety
of factors, including those discussed in Cheniere’s periodic reports
that are filed with and available from the Securities and Exchange
Commission. You should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release. Other
than as required under the securities laws, Cheniere does not assume a
duty to update these forward-looking statements.
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Copyright Business Wire 2018
Source: Business Wire
(September 20, 2018 - 8:35 AM EDT)
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