logo
Share SHARE
FONT-SIZE Plus   Neg

Cheniere Energy To Sell 31 Mln Shares At $15.10/Shr - Quick Facts

Cheniere Energy Inc. (LNG), a Houston-based energy company, has reached a definitive deal with institutional investors to sell 31.0 million common shares at a negotiated price per share of $15.10. The offering may close and settle on May 10, 2012.

The company plans to use the net proceeds from the offering of around $467.9 million to invest in Cheniere Energy Partners L.P. in exchange for equity securities anticipated to be issued in association with the financing of Cheniere Partners' proposed Sabine Pass liquefaction project.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Ford Motor Co. has announced a safety recall for about 680,000 vehicles, mainly in North America, to fix faulty seat belts that may not hold people in the event of a crash. The recall, primarily for mid-size sedans, includes about 650,000 Ford Fusion vehicles manufactured between 2013 and 2016 and Lincoln MKZ produced between 2013 and 2015. Apple Inc. has confirmed its interest in autonomous vehicle technology, saying it is excited about the potential of automated systems in many areas, including transportation. In a letter to the National Highway Traffic Safety Administration, Steve Kenner, Apple's director of product integrity, said that the tech giant looks forward to collaborating with the regulator and other stakeholders. Japanese electronics maker Panasonic Corp. is in talks to buy Austrian headlight manufacturer ZKW Group GmbH, Nikkei business daily reported Monday, citing a person familiar with the matter. As per the report, both companies could reach a basic agreement as early as this month for a deal that could be worth up to $1 billion.
comments powered by Disqus
Follow RTT