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Terminal News

ArcLight to acquire American Midstream

An affiliate of ArcLight Energy Partners has announced plans to acquire American Midstream Partners as part of a definitive agreement and plan of merger.

Under the agreement ArcLight will acquire all outstanding common units of American Midstream not already held by the company at a price of $5.25 per common unit.

The merger is expected to close in the second quarter of 2019 subject to meeting certain customary conditions.

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