Crestwood Equity Partners has completed Oasis Midstream acquisition

Crestwood Equity Partners LP (NYSE: CEQP) ("Crestwood") and Oasis Midstream Partners LP ("Oasis Midstream") announced today that the companies have successfully closed the transactions contemplated by the previously announced merger agreement. As a result of the combination, Crestwood has significantly enhanced its scale and competitive position in the Williston and Delaware Basins, enabling the company to capture expected operational and commercial synergies of approximately $45 million and driving enhanced financial strength and flexibility.

As previously announced, under the terms of the merger agreement, public holders of Oasis Midstream common units will receive 0.8700 Crestwood common units in exchange for each Oasis Midstream common unit. As previously announced, Crestwood unitholders as of the February 7, 2022 record date, including legacy Oasis Midstream unitholders that remain Crestwood unitholders, will receive Crestwood’s $0.625 per limited partner unit distribution, attributed to the fourth quarter 2021 and payable on February 14, 2022. Crestwood will utilize excess available free cash flow from the combined company to make the fourth quarter 2021 distribution payment.

Since I own 70 shares of Oasis Midstream Partners, I will receive 60 shares of Crestwood Equity Partners and small amount of cash. As Crestwood is paying distribution for February already, I should receive $37.5 in dividends also.

Realty Income and Vereit merge completed

SAN DIEGO and PHOENIX, Nov. 1, 2021 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company^®, and VEREIT, Inc. (NYSE: VER) ("VEREIT") today announced the completion of their previously announced merger. The common stock of the combined company will trade under the symbol "O" on the NYSE, beginning today.

"We are pleased to announce the completion of our merger with VEREIT, strengthening our position as the leading net lease REIT and global consolidator of the net lease space," said Sumit Roy, Realty Income's President and Chief Executive Officer. "With the closing of the VEREIT merger, we believe our size, scale and diversification will further enhance many of our competitive advantages, accelerate our investment activities, and enhance shareholder value for years to come. I thank all of our employees for their tireless efforts to achieve this milestone and welcome our new colleagues to our 'One Team'."

As previously announced, Realty Income also expects to complete its spin-off of substantially all the office assets of the combined company into a new, publicly traded REIT named Orion Office REIT Inc. (NYSE: ONL) ("Orion"). The spin-off will be effected by a special dividend to all Realty Income stockholders, including legacy VEREIT stockholders, which is expected to occur on November 12, 2021 ("Distribution"). For every ten shares of Realty Income common stock held of record by Realty Income stockholders as of the close of business on November 2, 2021, the record date for the Distribution, such stockholder will receive one share of Orion common stock. Shares of Orion common stock are expected to commence trading on the New York Stock Exchange on November 15, 2021.

Oasis Midstream Partners to merge with Crestwood Equity Partners LP

Oasis Petroleum Inc. (NASDAQ: OAS) ("Oasis" or the "Company") announced today that Oasis Midstream Partners (NASDAQ: OMP) ("OMP") has entered into a definitive agreement under which it will merge with Crestwood Equity Partners LP (NYSE: CEQP) ("Crestwood"). Under the terms of the agreement, Oasis, as a unitholder of OMP, will receive $160MM in cash in addition to approximately 21.0MM common units of CEQP in aggregate in exchange for its 33.85MM OMP common units and non-economic general partner stake. Public OMP unitholders will receive 0.87 units of Crestwood common units for each unit of OMP owned. In the aggregate, the total consideration represents an at-the-market transaction based on the closing prices for OMP and Crestwood on October 25, 2021, and implies an enterprise value for the combined companies of approximately $6.9B. Upon completion of the transaction, Oasis will own approximately 21.7% of Crestwood common units.

Since I own 70 shares of OMP, I should receive 60 shares of CEQP and some cash

Realty Income and Vereit merge to create a spin-off Orion Office REIT Inc.

Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company^®, and VEREIT, Inc. (NYSE: VER) ("VEREIT") today announced that they anticipate closing their previously announced merger on November 1, 2021. In addition, the Registration Statement on Form 10 associated with the previously announced plan to spin-off substantially all the office assets from Realty Income and VEREIT, filed under the newly created company Orion Office REIT Inc. (NYSE: ONL) ("Orion"), is effective as of today, October 22, 2021. Realty Income has declared November 2, 2021 as the record date for the spin-off and November 12, 2021 as the distribution date for the spin-off.

The dates set forth above may be delayed subject to satisfaction or waiver of the conditions to the merger and spin-off. The spin-off will be accomplished via a pro rata dividend of one share of Orion common stock for every ten shares of Realty Income common stock outstanding as of the record date for the spin-off. For purposes of the spin-off, the outstanding Realty Income common stock on the record date will include the shares of Realty Income common stock received by VEREIT common stockholders in connection with the consummation of the merger. Realty Income stockholders will receive cash in lieu of fractional shares in the spin-off.

Since I own 53 shares of Realty Income Corporation, I should be getting 5 shares of Orion Office REIT Inc. (NYSE: ONL) around 12th of November

 

 

Sievi and Boreo merge to happen on first half of 2022

Sievi Capital and Boreo Boards have signed the contract to merge two companies into one. The name of the merged company will be Boreo. Sievi Capital will be merged into Boreo.

Owner of Sievi Capital will receive 0.4492 new company share for each share of Sievi Capital. Premium for Sievi Capital owners would be 42.1% on the price for the day when this merge was announced.

 As I own 150 share of Sievi Capital, this would give me 67 shares of the new Boreo Company.

Sievi Capital to merge with Boreo

 Sievi Capital and Boreo are investigating a possible merge to form a new company. Sievi Capital owner would get 40% share of the "new company" share with a 42% premium on yesterday 17.8 price. Merge deal is planned to be closed during September if everything goes ok. Nice premium, too bad my position is quite small on this

AT&T plans to merge its WarnerMedia Unit with Discovery

AT&T (NYSE:T) is spinning off its WarnerMedia unit and merging it with media company Discovery (NYSE:DISCA). In a restructuring move, AT&T is combining WarnerMedia with Discovery to form a new publicly traded media company. The transaction will generate $43 billion for AT&T in cash and debt.

AT&T shareholders will own 71% of the combined company, while Discovery shareholders will receive a 29% stake in the new company.

If all goes as planned, the transaction will close in mid-2022, and Discovery President and CEO David
Zaslav will lead the combined company.

Realty Income To Merge With VEREIT® In All-Stock Transaction

Interesting Realty Income Corp news has just been published

SAN DIEGO and PHOENIX, April 29, 2021 /PRNewswire/ -- Realty Income Corporation (NYSE: O) ("Realty Income"), The Monthly Dividend Company^®, and VEREIT, Inc. (NYSE: VER) ("VEREIT") today announced that the two companies have entered into a definitive merger agreement by which Realty Income will acquire VEREIT in an all-stock transaction, creating a combined company with an enterprise value of approximately $50 billion. Under the terms of the agreement, VEREIT shareholders will receive 0.705 shares of Realty Income stock for every share of VEREIT stock they own.

 Immediately following the closing, the companies expect to effectuate a taxable spin-off of substantially all of the office properties of both companies into a new, self-managed, publicly traded REIT ("SpinCo"). Following the merger and the spin-off, Realty Income will continue as the surviving public entity. Realty Income and former VEREIT shareholders are expected to own approximately 70% and 30%, respectively, of both Realty Income and SpinCo. 

 Seems like a new spin-off company to be coming to portfolio soon..

New Fortress Energy has acquired Golar LNG Partners LP

Golar LNG Partners LP (Nasdaq: GMLP) (“GMLP”) today announces the completion of its sale to New Fortress Energy Inc. (“NFE”).

 

Under NFE’s merger agreement with GMLP, NFE acquired all of the outstanding common units of GMLP for $3.55 per common unit in cash. NFE also acquired GMLP’s general partner for equivalent consideration. The transaction is valued at a $1.9 billion enterprise value and $251 million equity value. The Series A preferred units of GMLP will remain outstanding following the merger.

 

I should be getting $3.55 per share soon. So long GMLP....

8Point3 Energy Partners annouces merge completed

SAN JOSE, Calif., June 19, 2018 /PRNewswire/ -- 8point3 Energy Partners LP (CAFD) (8point3 or February 5, 2018, by and among the Partnership and certain affiliates of the Partnership, Capital Dynamics Clean Energy and Infrastructure V JV, LLC, an equity fund managed by Capital Dynamics, Inc., and certain other co-investors (collectively, Capital Dynamics). As previously disclosed, a majority of the outstanding 8point3 public Class A shareholders approved the transactions at a special meeting held on May 23, 2018.
the Partnership) today announced that it has closed the mergers and other transactions contemplated by the Agreement and Plan of Merger and Purchase Agreement, dated as of

As a result of the transactions, 8point3's Class A shares will no longer be publicly traded on the NASDAQ stock exchange. 8point3 intends to file the relevant form with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, requesting the deregistration of its Class A shares and the suspension of 8point3's reporting obligations under the Exchange Act.

Pursuant to the transactions, the Partnership's Class A shareholders, and the sponsors of the Partnership, First Solar, Inc. (FSLR) and SunPower Corporation (SPWR), as indirect holders of common and subordinated units in 8point3 Operating Company, LLC, the Partnership's operating company (OpCo), received $12.48 per share or per unit in cash (merger consideration). No consideration was received by the sponsors for the incentive distribution rights they owned in OpCo or their interests in 8point3 General Partner, LLC, the general partner of the Partnership.

The Partnership's Class A shares held of record by shareholders in book-entry form with The Depository Trust Company will receive the merger consideration for their respective interests on or about June 25, 2018.

Triton Container International and TAL International have completed merge

Triton Container International Limited (“Triton”) and TAL International Group, Inc. (NYSE: TAL) (“TAL”) announced today that they have completed their combination to form Triton International Limited (NYSE: TRTN) (“TIL”). TIL is the world’s largest, most capable and most efficient lessor of intermodal freight containers. With a combined container fleet of nearly five million twenty-foot equivalent units (TEU), revenue earning assets of $8.7 billion and an estimated global market share of 25%, TIL serves virtually every major shipping line in the world. The newly formed company expects to achieve $40 million in annual cost synergies.

TAL International Group, Inc. Announces Special Dividend in Connection with Triton Merger

PURCHASE, N.Y.--(BUSINESS WIRE)--May 25, 2016-- TAL International Group, Inc. (NYSE:TAL) (“TAL”) today announced it has declared a one-time contingent special dividend of $0.54 per share to TAL stockholders of record as of the close of business on June 8, 2016, in connection with the previously announced combination of TAL and Triton Container International Limited (“Triton”). This dividend is contingent upon approval of the combination by TAL stockholders. Subject to such approval, the dividend will be paid on the first business day following the day of the TAL special meeting of stockholders to approve the proposed transaction, which is scheduled to take place on June 14, 2016. The special dividend will not be paid if TAL stockholders do not approve the proposed transaction.

TAL International and Triton Container International announced merge

HAMILTON, Bermuda & PURCHASE, N.Y.--(BUSINESS WIRE)--Triton Container International Limited (“Triton”) and TAL International Group, Inc. (NYSE:TAL) (“TAL International”) jointly announced today that they have entered into a definitive agreement under which the companies will combine in an all-stock merger of equals transaction. The transaction, which has been unanimously approved by the Boards of Directors of both companies, will create the world’s largest lessor of intermodal freight containers with a combined container fleet of nearly five million twenty-foot equivalent units (TEU) and revenue earning assets of $8.7 billion.

Under the terms of the transaction agreement, Triton and TAL International will combine under a newly-formed holding company, Triton International Limited (“Triton International”), which will be domiciled in Bermuda and is expected to be listed on the New York Stock Exchange. Triton shareholders will own 55% of the equity of the combined company and TAL International shareholders will own 45%. TAL International shareholders will receive one common share of Triton International for each share of TAL International stock owned. TAL International shareholders will also receive a special dividend of $0.54 per share upon closing of the transaction

Transaction Highlights

• A merger of Triton and TAL International will create the world’s largest and most efficient intermodal container leasing company with a container fleet of 4.8 million TEU, resulting in industry cost leadership and an enhanced container supply capability.
• The combined company expects to realize $40 million per year in annual SG&A synergies, by aligning infrastructure and creating a best-in-class systems environment. The cost savings are expected to be fully implemented by the end of 2016.
• The transaction is expected to be approximately 30% accretive to net income per share for TAL International’s existing shareholders when cost savings are fully realized.
• The regional and product line strengths of Triton and TAL International are highly complementary. The combined company will offer its customer base a broad range of container types and will maintain close customer relationships across all major geographic locations.
• Consummation of the transaction will not require any incremental leverage and existing debt facilities at Triton and TAL International will largely remain in place.
• The new company expects to implement an annual dividend of $1.80 per share and intends to adopt a share repurchase plan of up to $250 million following the close of the transaction. The planned share repurchase program will be completed using the company’s existing liquidity, and will supplant TAL International’s recently announced $150 million buyback program.