Hoegh LNG will pay $5 more per share to merge with affiliate Hoegh LNG Partners.
Floating storage and regasification unit owner Hoegh LNG Partners said in its first-quarter earnings release on Wednesday that its parent would pay $9.25 per share, bringing the total purchase price to $168m.
“The board of directors unanimously approved the merger agreement and recommended that [Hoegh LNG Partners’] common unitholders approve the merger,” the company said.
