NVDA - M&A Updates: Will The Third ArcLight's Offer For American Midstream Be The Last One?
ArcLight Capital Partners - American Midstream (AMID) Possible Offer Raise
Spread: 2%. Closing: Q2 2019
ArcLight, a private equity company that invests mainly into energy infrastructure assets has been targeting their gas & oil MLP American Midstream since last year's autumn. The initial offer came in September and was priced at $6.1/share; however, on the 3rd of January got amended to $4.5/share. As ArcLight holds 51% of the company, it seems that only the approval of the independent committee is needed to proceed, however, it wasn't given for both of the already mentioned