Cheniere Energy, Inc. (NYSE American: LNG) announced today that it has reached a definitive agreement to acquire all of the publicly-held shares of Cheniere Partners Holdings (NYSE American: CQH). Cheniere Partners Holdings shareholders will receive a fixed ratio of 0.475 Cheniere Energy shares for each outstanding publicly-held share.
The transaction is currently valued at $30.93 per common share of Cheniere Partners Holdings and it is expected to qualify as tax-free reorganization for Cheniere Partners Holdings shareholders.
The deal is expected to close by the end of the third quarter this year.
Cheniere also entered into a new multi-year charter with GasLog Partners LP (NYSE: GLOP), for the GasLog Sydney. The deal is scheduled to commence in 2018 and includes options to extend the charter for up to two consecutive periods with escalating rates.
The GasLog Sydney is a 155,000 cbm tri-fuel diesel electric LNG carrier, which was built in 2013. It is currently under a multi-year charter with a subsidiary of Shell (NYSE: RDS.A) until the end of September this year.
