Summary
Cheniere Energy, Inc. (LNG) announced the completion of its acquisition of Cheniere Energy Partners LP Holdings, LLC (CQH) on September 20, 2018. This transaction, structured as a merger, involved CQH merging with and into a Cheniere subsidiary, Columbia Acquisition Sub LLC. As a result, CQH common unitholders received 0.4750 shares of Cheniere's common stock for each CQH common share they held. This strategic move consolidates Cheniere's ownership structure, simplifying its corporate organization. The merger was registered under the Securities Act of 1933 and was previously disclosed in a Form S-4 registration statement. The company also furnished a joint press release with CQH detailing the consummation of this merger. This acquisition is a significant step for Cheniere, aimed at streamlining its operations and potentially enhancing shareholder value through a more unified corporate entity.
Key Highlights
- 1Cheniere Energy, Inc. (LNG) completed the acquisition of Cheniere Energy Partners LP Holdings, LLC (CQH) on September 20, 2018.
- 2The acquisition was executed through a merger agreement where CQH merged with a Cheniere subsidiary.
- 3CQH common unitholders received 0.4750 shares of Cheniere's common stock per CQH common share.
- 4The issuance of Cheniere Common Stock was registered under the Securities Act of 1933 via a Form S-4 registration statement.
- 5A joint press release from Cheniere and CQH announcing the merger's consummation was furnished with the filing.
- 6This transaction simplifies Cheniere's corporate structure and consolidates its assets.
- 7Michael J. Wortley, Executive Vice President and Chief Financial Officer, signed the filing on behalf of Cheniere Energy, Inc.