Kodiak Gas Announces Receipt of Consents to the Merger Agreement from Supporting Unitholders

Source: www.gulfoilandgas.com 2/21/2024, Location: North America

Kodiak Gas Services, Inc. ("Kodiak" or the "Company") (NYSE: KGS) and CSI Compressco LP (the "Partnership") (NASDAQ: CCLP) today announced that, following the Securities and Exchange Commission declaring effective the Registration Statement on Form S-4/A (Registration No. 333-276508) on February 20, 2024, certain of the Partnership's unitholders have delivered written consents approving the Agreement and Plan of Merger, dated December 19, 2023 by and between Kodiak, the Partnership, CSI Compressco GP LLC (the "General Partner") and certain of their respective affiliates (the "Merger Agreement"). These unitholders, Spartan Energy Partners LP, Orvieto Fund LP, Merced Capital LP, and the named executive officers of the General Partner (the "Supporting Unitholders"), own approximately 54% of the Partnership's outstanding common units. While the consents of the Supporting Unitholders are sufficient to approve the transaction, the Partnership is requesting all of its unitholders approve the Merger Agreement and the other proposals outlined in the Registration Statement by executing and returning the written consent furnished with the filing. Kodiak and the Partnership expect the transaction to close in the second quarter of 2024, subject to the satisfaction of customary closing conditions, including Hart-Scott-Rodino clearance.


United States >>  4/23/2024 - Robinson Helicopter Company (RHC), a global leader in civilian rotorcraft, has acquired Ascent AeroSystems, now a wholly-owned subsidiary of the Robin...
Malaysia >>  4/22/2024 - TotalEnergies has signed an agreement with Sapura Upstream Assets Sdn Bhd (SUA) to acquire its 50% interest in Malaysian independent gas producer and ...

United States >>  4/22/2024 - SilverBow Resources Provides Company Perspective on Kimmeridge’s Significant Overvaluation of KTG and Massively Dilutive Proposal
Believes Kimm...

Canada >>  4/20/2024 - Loop Energy™ Inc. reported the merger transaction provided for in the Amalgamation Agreement between Loop, H2 Portable Power Corp. and 1465123 B.C. Lt...

Germany >>  4/18/2024 - Proemion Holding GmbH, a global provider of advanced data and analytics technology for mobile industrial assets, announced an agreement to acquire Tre...
Norway >>  4/18/2024 - Following yesterday's demerger, the legacy business is back as a wholly owned subsidiary of Magnora, and the foundations are established that allow Ma...




Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.