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VTTI

VTTI Energy

$19.50

0.05 (0.26%)

06:15
09/13/17
09/13
06:15
09/13/17
06:15

VTTI Energy holders approve merger with VTTI B.V.

VTTI Energy Partners LP announced that at a special meeting of the Partnership's unitholders held earlier today, the unitholders voted to adopt the Agreement and Plan of Merger, dated as of May 8, by and among the Partnership, VTTI B.V., VTTI Energy Partners GP LLC, the general partner of the Partnership, VTTI MLP Partners B.V. and VTTI Merger Sub LLC, wholly owned subsidiaries of VTTI, pursuant to which VTTI will become an indirect wholly owned subsidiary of VTTI. Approximately 98.75% of the Partnership's common units and 100% of the Partnership's subordinated units voted at the special meeting voted in favor of the adoption and approval of the Merger Agreement and the transactions contemplated thereby. The votes in favor of the Merger Agreement constituted a majority of the Partnership's common units, other than common units held by VTTI MLP Partners B.V. and by Stichting Administratiekantoor VTTI that do not correspond to a vested depositary receipt issued to an employee, consultant or director of VTTI or its affiliates, and a majority of the VTTI subordinated units outstanding as of the record date of the special meeting, as required for adoption and approval of the Merger Agreement. The merger is expected to close on September 15, 2017.

VTTI VTTI Energy
$19.50

0.05 (0.26%)

05/08/17
DADA
05/08/17
DOWNGRADE
DADA
Neutral
VTTI Energy downgraded to Neutral from Buy at DA Davidson
DA Davidson analyst Poe Fratt downgraded VTTI Energy to Neutral following today's takeover agreement by VTTI B.V.
05/08/17
SBSH
05/08/17
DOWNGRADE
SBSH
Neutral
VTTI Energy downgraded to Neutral from Buy at Citi
Citi analyst Faisel Khan downgraded VTTI Energy to Neutral citing the takeover by VTTI B.V. The analyst thinks today's increased bid should be enough to get the deal done.
03/03/17
WELS
03/03/17
DOWNGRADE
WELS
Market Perform
VTTI Energy downgraded to Market Perform from Outperform at Wells Fargo
11/09/16
DADA
11/09/16
NO CHANGE
DADA
VTTI Energy weakness creates buying opportunity, says DA Davidson
After VTTI reported higher than expected Q3 EBITDA but lower than expected distributable cash flow, DA Davidson analyst Poe Fratt says that the company has good liquidity and "an attractive total return of more than 60%." Fratt recommends buying the stock on weakness and keeps a Buy rating on the shares.

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