Cheniere Energy, Inc. and Cheniere Energy Partners LP Holdings, LLC has announced that Cheniere has closed the previously announced merger of Cheniere Partners Holdings with a wholly owned subsidiary of Cheniere.
As a result of the merger, all of the publicly-held shares of Cheniere Partners Holdings not owned by Cheniere were cancelled and shareholders received 0.4750 shares of common stock of Cheniere for each publicly-held share of Cheniere Partners Holdings, and shares of Cheniere Partners Holdings will no longer trade on the NYSE American.
Cheniere Partners Holdings shareholders approved the merger by the written consent of approximately 97.6% of the total outstanding common shares, including approximately 70.4% of outstanding common shares excluding shares owned by Cheniere. Approximately 99.9% of all written consents delivered voted to approve the merger.
J.P. Morgan Securities LLC acted as financial advisor, and Sullivan & Cromwell LLP and Sidley Austin LLP acted as legal advisors to Cheniere. Jefferies LLC and Richards, Layton & Finger, P.A. acted as financial and legal advisors to the conflicts committee of Cheniere Partners Holdings.