Houston-based midstream co. agrees to private equity buyout

Houston-based American Midstream Partners LP (NYSE: AMID) announced March 18 that it will be acquired by an affiliate of ArcLight Energy Partners Fund V LP for $5.25 per common unit. 

The master limited partnership’s stock closed at $4 per common unit, up 1.52 percent, on March 15, per Yahoo Finance. 

Back in September, the original unsolicited buyout offer was for $6.10 per common unit, but it was revised to $4.50 per common unit in January. The revised offer was only good until Jan. 31.



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