Ergon pulls offer for Blueknight Energy Partners

Sep. 11, 2019 10:23 AM ETBlueknight Energy Partners, L.P. (BKEP)BKEPBy: Carl Surran, SA News Editor40 Comments
  • Blueknight Energy Partners (BKEP -2.2%) slides in early trade after Ergon inc. withdrew its proposal to acquire the company.
  • Ergon pulled the non-binding offer after it was unable to reach an agreement with the Conflicts Committee, according to an SEC filing.
  • Ergon last month offered to acquire all outstanding BKEP common units it did not already own for $1.35/unit and all Series A preferred units it did not already own for $5.67/unit.

Recommended For You

Comments (40)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.