NFE - New Fortress Energy to buy Hygo Energy Golar LNG Partners in $5B deals

Golar LNG (GLNG) +21.7% pre-market after New Fortress Energy (NFE) agrees to acquire Hygo Energy, a 50-50 joint venture between Golar LNG and Stonepeak Infrastructure, as well as Golar LNG Partners (GMLP), in two deals valued at a combined $2.43B on an equity basis and ~$5B on an enterprise value basis.GMLP +18.6%, NFE +4.3% pre-market.New Fortress will acquire Hygo for 31.4M NFE Class A common shares and $580M in cash; the deal is valued at $2.18B on an equity basis and $3.1B on an enterprise basis.Golar LNG will receive 18.6M NFE Class A common shares and $50M in cash, and Stonepeak will receive 12.7M NFE Class A common shares and $530M in cash.New Fortress agrees to acquire Golar LNG Partners for $3.55/unit in cash; the deal is valued at $251M on an equity basis and $1.9B on an enterprise basis."The addition of Hygo will quickly expand our footprint in South America with

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New Fortress Energy to buy Hygo Energy, Golar LNG Partners in $5B deals