Summit Midstream (SMC) said Monday it completed the acquisition of Tall Oak Midstream Operating and its subsidiaries from an affiliate of Tailwater Capital in a cash-and-stock deal.
The deal was valued at $155 million in cash, along with 7.5 million common units of Summit Midstream Partners LP and an equivalent number of Summit Midstream class B common shares.
The agreement also includes up to $25 million in contingent cash payments based on specific performance metrics through March 31, 2026, according to the company.
Summit shareholders approved the deal, which rebalances its portfolio to about 50% natural gas-oriented drilling activities, the company added.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。