![]() The Purchase Agreement also provides for potential post-closing additional cash consideration (the " Additional Consideration ") that is structured based on GIP's realized profit at exit. The Sale closed pursuant to the membership interest purchase and sale agreement (the " Purchase Agreement "), dated as of October 1, 2017, by and among LMS, MMH, MGP and Purchaser. LMS received net cash proceeds from the Sale of approximately $829.6 million for its 49% ownership interest in MGP, before post-closing adjustments and taxes, but after deduction of its proportionate share of fees and other expenses associated with the Sale. ![]() (" Purchaser "), an affiliate of Global Infrastructure Partners (" GIP "), for cash consideration of approximately $1.825 billion, subject to customary post-closing adjustments. ![]() On October 30, 2017, LMS, a wholly-owned subsidiary of the Company, together with Medallion Midstream Holdings, LLC (" MMH "), which is owned and controlled by an affiliate of The Energy & Minerals Group (" EMG "), completed the previously announced sale (the " Sale ") of 100% of the ownership interests in Medallion Gathering & Processing, LLC (" MGP ") to Medallion Midland Acquisition Partnership, L.P.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |