Höegh LNG Partners gets $4.25/unit buyout offer
Dec. 06, 2021 6:53 AM ETHöegh LNG Partners LP (HMLP)By: Carl Surran, SA News Editor383 Comments
- Höegh LNG Partners (NYSE:HMLP) says it received a buyout proposal from Höegh LNG Holdings to acquire all publicly held common units for $4.25/unit in cash.
- The proposal would take effect through a merger between the Partnership and a subsidiary of Höegh LNG.
- The offer requires approval by the HMLP Conflicts Committee, the HMLP board and the Höegh LNG board, followed by the vote by a majority of outstanding common units in the partnership.
- A contractual dispute that obstructed an otherwise routine debt refinancing nearly forced Höegh LNG Partners into bankruptcy earlier this year.