=Arc Logistics Partners (ARCX) to be acquired by Zenith Energy

Zenith Energy (A Canadian international oil & gas production co.)

• Stock : London Stock Exchange (ZEN) and the TSX Venture Exchange (ZEE)
• Headquarters: Calgary, Canada
• Founded: 2007

Arc Logistics Partners (ARCX):  Div/yield 0.44/10.78



Arc Logistics Partners to be Acquired by Zenith Energy for $16.50/unit in cash

The co, Lightfoot Capital Partners GP LLC ("LCP GP") and Lightfoot Capital Partners, LP announced that they have entered into a Purchase Agreement and Plan of Merger with Zenith Energy U.S., L.P., a portfolio company of Warburg Pincus, pursuant to which Zenith will acquire Arc Logistics GP LLC (, the general partner of the Partnership, and all of the outstanding common units in Arc Logistics.

• Under the terms of the Merger Agreement, all Arc Logistics common unitholders, other than Lightfoot, will receive $16.50 per common unit in cash for each common unit they own, which represents a premium of approximately 15% to the Partnership's common unit price as of August 28, 2017. LCP LP will receive $14.50 per common unit in cash for the approximately 5.2 million common units held by it, and LCP GP will receive $94.5 million for 100% of the membership interests in Arc GP.
• The Proposed Transaction is not subject to a financing condition and closing is targeted at the end of the fourth quarter of 2017 or early in the first quarter of 2018.