Reuters are reporting that acquisition company Harmony Merger Corporation and LNG developer NextDecade LLC are set to merge in an all-stock deal valued at about US$1 billion.
The companies announced the plans on 13 March.
The proposed reverse merger will result in NextDecade becoming a publicly listed company.
NextDecade focuses on LNG export projects and pipelines in Texas.
The deal, expected to close in the second quarter of 2017, includes an additional stock consideration to be paid to NextDecade shareholders after certain milestones are met.
The merger is expected to close only after it gets Harmony stockholders' and certain regulatory approvals.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/14032017/harmony-merger-corporation-and-nextdecade-to-merge/