American Midstream gets revised buyout bid from ArcLight

|About: American Midstream Partners... (AMID)|By:, SA News Editor

American Midstream Partners (NYSE:AMID) says it received a revised buyout offer from ArcLight Energy Partners of $4.50/unit; trading is halted.

The new offer represents a ~42% premium vs. today's closing price of $3.15.

AMID reported receiving a $6.10/unit takeover offer from ArcLight last September.

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