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PetroLogistics LP (PDH)

- NYSE
PDH is defunct.
  • May. 28, 2014, 7:25 AM
    • PetroLogistics (PDH) agrees to be acquired by Koch Industries subsidiary Flint Hills Resources for ~$2.1B.
    • Flint Hills will pay $14 in cash for each PDH unit, an 8.3% premium over yesterday's close, except for units owned by a few select investors to be acquired for $12 each.
    • PDH has propylene operations around the Houston Ship Channel, and has an annual production capacity of ~1.45B lbs.
    • PDH +10.2% premarket.
    | 14 Comments
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Company Description
PetroLogistics LP owns and operates a propane dehydrogenation facility producing propylene from propane. In addition to propylene, it also produces commercial quantities of hydrogen and C4 mix/C5+ streams.