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Kayne Anderson Acquisition Corp.

Company Summary

Description

Kayne Anderson Acquisition Corp. was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus its search for a target business in the energy industry.

Website

http://www.nasdaq.com/markets/ipos/company/kayne-a...

Financial Data:

NASDAQ:KAACU from Google Finance

Tickers:

  • KAACU - NASDAQ

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Recent news

Company Transactions

Date: 10/1/2018
Type: Joint Venture

BUYERS:
  • Apache Corporation
    • SELLERS:
  • Kayne Anderson Acquisition Corp.
  • Kinetik Holdings Inc.
    • DETAILS:
    NOTES:
    Apache & Kayne Anderson Acquisition Corp. (KAAC) have entered into an agreement under which Apache will dedicate its Alpine High midstream assets to Altus Midstream LP, which is jointly owned by the two firms. Upon closing in October 2018, KAAC will be renamed Altus Midstream and will hold all of Apache's midstream assets in the Alpine High. Altus will have a market cap of $3.5 billion at formation, assuming 354.4 million common shares at $10/share. Apache will receive 251.9 million shares and own 71.1% of the firm and Kayne will contribute $952 million in cash.
    REGIONS:
  • Alpine High