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.
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GasLog Partners unitholders OK full GasLog Ltd. takeover