总体而言，エンリンクミッドストリームは、43億ドルのエンリンク普通株式を取得して取引する予定です。
Zhitong Finance learned that the U.S. oil pipeline operator エンリンクミッドストリーム(OKE.US) and EnLink Midstream(ENLC.US) have signed a final merger agreement, under which エンリンクミッドストリーム will acquire all outstanding common shares of EnLink for 4.3 billion U.S. dollars with エンリンク common shares.
According to the agreement, each EnLink common share unit not already held by エンリンクミッドストリーム will be converted into 0.1412 shares of エンリンク common stock. The exchange ratio is determined by dividing $15.75 per unit (equivalent to the closing price of EnLink on November 22, 2024) by エンリンク's 10-day volume weighted average price (VWAP).
Overall, エンリンクミッドストリーム will issue approximately 37 million shares of stock under the proposed transaction, representing 6.0% of エンリンク's total issued shares after the completion of the transaction.
With private equity firms selling assets to corporate buyers, there have been a series of transactions in the oil industry, with the above transaction being the latest. As cash-rich fossil fuel companies consolidate and refresh drilling inventory, oil and gas asset operators are seeking to expand their scale.
In August of this year, エンリンクミッドストリーム agreed to acquire a competitor and another company's controlling stake in the Permian Basin in two transactions totaling $5.9 billion. At that time, エンリンク acquired all of Global Infrastructure Partners(GIP)'s interests in EnLink Midstream LLC, and purchased GIP's stake in Medallion Midstream, the largest crude oil gathering system in the Permian Basin.
