GLOP - GasLog Partners unitholders OK full GasLog Ltd. takeover

2023-07-07 18:01:40 ET

GasLog Partners ( NYSE: GLOP ) unitholders on Friday approved the previously announced merger deal , where parent GasLog Ltd. will acquire all outstanding common units it does not already own for $8.65/unit.

As part of the merger terms, the GasLog board approved and declared a special cash distribution of $3.28/unit.

The deal was an improvement over GasLog's initial offer to buy all remaining partnership units for $7.70/unit in cash, including a $2.33/unit special distribution.

More on GasLog Partners:

• Financial and valuation comparison to sector peers
• Analysis: Putting The G In ESG With GasLog
• Stock price return: Up 38.5% YTD, up 59% in the past 12 months

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