BUYERS:

Larus Holding

SELLERS:

Hoegh LNG Partners

DETAILS:

NOTES:
Leif Höegh & Co. (LHC) and Morgan Stanley, via their Larus Holding Joint Venture, are offering $2.73/share to take Hoegh LNG Holdings private. They are looking to purchase 50.4% of outstanding shares, with LHC holding the remainder already. This offer is a 36% premium to the March 5 share price, and values the firm at $211.4 million. Closing is targeted for the first half of 2021 and they need approval from 2/3 of shareholders to move forward.

REGIONS:

International