Cheniere announces merger agreement

Cheniere Energy Inc. and Cheniere Energy Partners LP Holdings, LLC have reached a definitive agreement, under which Cheniere will acquire all of the publicly-held shares of Cheniere Partners Holdings not already owned by Cheniere in a stock for share transaction. Cheniere Partners Holdings’ shareholders will receive a fixed exchange ratio of 0.4750 Cheniere shares for each outstanding publicly-held share of Cheniere Partners Holdings. The transaction is valued at US$30.93 per common share of Cheniere Partners Holdings based on the closing price of Cheniere’s shares as of 18 June. The transaction is expected to qualify as a tax-free reorganization for Cheniere Partners Holdings’ shareholders.