Summit Midstream To Acquire Tall Oak Midstream Operating, LLC And Its Subsidiaries From An Affiliate Of Tailwater Capital For $155M Upfront Cash Consideration Plus Common Stock
Summit Midstream To Acquire Tall Oak Midstream Operating, LLC And Its Subsidiaries From An Affiliate Of Tailwater Capital For $155M Upfront Cash Consideration Plus Common Stock
In addition, Summit will pay $25 million contingent consideration in cash over certain measurement periods through March 31, 2026. This strategic acquisition marks a significant milestone in Summit's growth strategy, increasing scale in a credit and value accretive manner.
这次战略性收购标志着Summit增长策略中的一个重要里程碑，以一种提高信用和价值的方式扩大规模。
This deal also invloves approximately 7.5 million shares of a combination of SMC Class B common stock and a corresponding number of common units of the Partnership (in an Up-C structure), representing approximately 40% ownership in the pro forma Company.
这笔交易还涉及大约750万股SMC B类普通股和对应数量的合伙公司的普通单位（采用Up-C结构），在副本公司中约占40％所有权。
The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditions, shareholder approval and regulatory approvals.
预计交易将在2024年第四季度完成，视情况交易完成条件、股东批准和监管审批。
In addition, Summit will pay $25 million contingent consideration in cash over certain measurement periods through March 31, 2026.
此外，Summit将在2026年3月31日之前通过现金支付2500万美元作为有条件的对价。
