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.
這次戰略性收購標誌着Summit增長策略中的一個重要里程碑，以一種提高信用和價值的方式擴大規模。
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.
這筆交易還涉及大約750萬股SMC B類普通股和對應數量的合夥公司的普通單位（採用Up-C結構），在副本公司中約佔40％所有權。
The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditions, shareholder approval and regulatory approvals.
預計交易將在2024年第四季度完成，視情況交易完成條件、股東批准和監管審批。
In addition, Summit will pay $25 million contingent consideration in cash over certain measurement periods through March 31, 2026.
此外，Summit將在2026年3月31日之前通過現金支付2500萬美元作爲有條件的對價。
