Arclight Makes Offer to Acquire American Midstream Partners, LP

Source Press Release
Company ArcLight Capital Partners, LLCAmerican Midstream Partners, LP 
Tags Corporate Deals, Deals, LNG & Gas Storage/Processing
Date September 28, 2018

On September 27, 2018, Magnolia Infrastructure Holdings, LLC ("AMID Acquisition"), a subsidiary of ArcLight Energy Partners Fund V, L.P., delivered a non-binding offer (the "Offer Letter") to the board of directors of the general partner of American Midstream Partners, LP (the "Issuer") to acquire all of the issued and outstanding publicly held Common Units of the Issuer that are not owned by AMID Acquisition or its affiliates in exchange for $6.10 in cash for each such Common Unit.

There can be no assurance that any discussions that may occur between AMID Acquisition and the Issuer with respect to the offer contained in the Offer Letter will result in the entry into a definitive agreement concerning a transaction or, if such a definitive agreement is reached, will result in the consummation of a transaction provided for in such definitive agreement. Entry into a definitive agreement concerning a transaction and the consummation of any such transaction is subject to a number of contingencies that are beyond the control of AMID Acquisition, including the satisfactory completion of due diligence, the approval of the conflicts committee of the board of directors of American Midstream GP, LLC, the general partner of the Issuer, the approval by holders of a majority of the outstanding CommonUnits of the Issuer, and the satisfaction of any conditions to the consummation of a transaction set forth in any such definitive agreement.

Source: EvaluateEnergy® ©2019 EvaluateEnergy Ltd