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CQH Cheniere Energy Partners LP Holdings, Llc

32.07
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Cheniere Energy Partners LP Holdings, Llc AMEX:CQH AMEX Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 32.07 0 01:00:00

Robbins Arroyo LLP: Acquisition of Cheniere Energy Partners LP Holdings, LLC (CQH) by Cheniere Energy, Inc. (LNG) May Not Be ...

03/10/2016 10:57pm

Business Wire


CHENIERE ENERGY PARTNERS LP HOLD (AMEX:CQH)
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Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of Cheniere Energy Partners LP Holdings, LLC ("Cheniere Partners Holdings") (NYSE MKT: CQH) by Cheniere Energy, Inc. ("Cheniere") (NYSE MKT: LNG). On September 30, 2016, the two companies announced the signing of a definitive merger agreement pursuant to which Cheniere will acquire Cheniere Partners Holdings. Under the terms of the agreement, Cheniere Partners Holdings shareholders will receive 0.5049 shares of Cheniere common stock for each share of Cheniere Partners Holdings common stock, the value of which is equivalent to $21.90 based on Cheniere's closing price on September 29, 2016.

View this information on the law firm's Shareholder Rights Blog: www.robbinsarroyo.com/shareholders-rights-blog/cheniere-energy-partners-lp-holdings-llc

Is the Proposed Acquisition Best for Cheniere Partners Holdings and Its Shareholders?

Robbins Arroyo LLP's investigation focuses on whether the board of directors at Cheniere Partners Holdings is undertaking a fair process to obtain maximum value and adequately compensate its shareholders.

As an initial matter, the $21.90 merger consideration represents a premium of only 3.00% based on Cheniere Partners Holdings' closing price on September 29, 2016. This premium is significantly below the average one day premium of nearly 40.29% for comparable transactions within the past five years. Further, the $21.90 merger consideration is significantly below the target price of eight individual analysts at separate firms, including the target price of $30.00 set by an analyst at Credit Suisse on August 5, 2015; the target price of $30.00 set by an analyst at US Capital Advisors on September 8, 2016; and the target price of $29.00 set by an analyst at Wolfe Research on June 21, 2016. In the last three years, Cheniere Partners Holdings traded as high as $27.15 on May 30, 2014, and most recently traded above the merger consideration – at $23.61 – on August 31, 2015.

Cheniere Partners Holdings shareholders have the option to file a class action lawsuit to ensure the board of directors obtains the best possible price for shareholders and the disclosure of material information. Cheniere Partners Holdings shareholders interested in information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, ddonahue@robbinsarroyo.com, or via the shareholder information form on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in securities litigation and shareholder rights law. The law firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

Attorney Advertising. Past results do not guarantee a similar outcome.

Robbins Arroyo LLPDarnell R. Donahue(619) 525-3990 or Toll Free (800) 350-6003ddonahue@robbinsarroyo.comwww.robbinsarroyo.com

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