GasLog Ltd. Announces Take Private Transaction with BlackRock's Global Energy & Power Infrastructure Team - Energy Industry Today einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
GasLog Ltd. Announces Take Private Transaction with BlackRock’s Global Energy & Power Infrastructure Team
GasLog Ltd. announced that it has entered into an agreement and plan of merger (the “Merger Agreement”) with BlackRock’s Global Energy & Power Infrastructure team (collectively, “GEPIF”), which is focused on essential, long-term infrastructure investments in the energy and power sector. Under the Merger Agreement, GEPIF will acquire all of the outstanding common shares of GasLog that are not held by certain existing shareholders of GasLog, including Blenheim Holdings Ltd., which is wholly owned by the Livanos family, and a wholly owned affiliate of the Onassis Foundation (collectively, the “Rolling Shareholders”), in exchange for $5.80 in cash per common share (the “Transaction”). The $5.80 per share acquisition price represents a 17% premium to the closing price of GasLog’s common shares on February 19, 2021 and a 22% premium to the volume weighted average
GasLog Shares Rise 18% After BlackRock Share Buy morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
BlackRock’s Global Energy & Power Infrastructure Backs GasLog
GasLog Ltd. has entered into an agreement and plan of merger with
BlackRock’s global energy and power infrastructure team, which is focused on essential, long-term infrastructure investments in the energy and power sector. Under the merger agreement, GEPIF will acquire all of the outstanding common shares of GasLog that are not held by certain existing shareholders of GasLog, including
Blenheim Holdings Ltd., which is wholly owned by the Livanos family, and a wholly owned affiliate of the
Onassis Foundation, in exchange for $5.80 in cash per common share. The members of the board unanimously approved the merger agreement and transaction.