SHLX - Shell USA Shell Midstream Partners reach merger terms
Shell Midstream Partners ( NYSE: SHLX ) +9.6% post-market on Monday after announcing a definitive agreement for Shell USA ( NYSE: SHEL ) to acquire all Shell Midstream common units for $15.85/unit, for a total value of ~$1.96B.
Shell USA already owns a ~68.5% in Shell Midstream ( SHLX ) with nearly 269.5M common units.
Shell made an offer in February to buy all Shell Midstream units for $12.89 each .
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Shell USA, Shell Midstream Partners reach merger terms