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.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。