Notable Mergers and Acquisitions of the Day 10/01: (EPD)/(OTIV) (APA) (ARIS) (KNX) - InvestingChannel

November 5, 2024

Notable Mergers and Acquisitions of the Day 10/01: (EPD)/(OTIV) (APA) (ARIS) (KNX)

by Street Insider077

* Enterprise Products Partners (NYSE: EPD) has acquired the general partner and related incentive distribution rights, 15,899,802 common units and 38,899,802 subordinated units in Oiltanking Partners L.P. (NYSE: OILT) held by Oiltanking Holding Americas, Inc. (“Oiltanking Holding”). Enterprise paid total consideration of approximately $4.41 billion to Oiltanking Holding comprised of $2.21 billion in cash and 54,807,352 Enterprise common units. Enterprise also paid $228 million to assume notes receivable issued by Oiltanking Partners.

Upon the payment of the Oiltanking Partners’ distribution with respect to the third quarter of 2014, which is expected to be paid in mid-November 2014, the subordination period