NEDERLAND, Texas, April 17, 2017 /PRNewswire/ -- OCI Partners
LP (NYSE: OCIP), a Delaware
limited partnership ("OCI Partners"), announced today that OCI N.V.
(Euronext: OCI) ("OCI") has terminated negotiations with the
conflicts committee of the board of directors of OCI Partners
regarding OCI's previously announced offer to acquire all publicly
held common units of OCI Partners in exchange for OCI shares, at an
exchange ratio of 0.5200 OCI shares for each common unit. OCI
currently owns 79.88% of issued and outstanding common units of OCI
Partners.
After negotiations with the conflicts committee established by
the OCI Partners board of directors reached an impasse, OCI
informed representatives of the conflicts committee that no
acceptable definitive agreement could be reached.
About OCI Partners LP
OCI Partners LP owns and operates an integrated methanol and
ammonia production facility that is strategically located on the
Texas Gulf Coast near Beaumont.
The Partnership is headquartered in Nederland, Texas and currently has a methanol
production design capacity of 912,500 metric tons per year and an
ammonia production design capacity of 331,000 metric tons per
year.
No Offer or Solicitation
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities, or a solicitation
of any vote or approval, nor shall there be any sale of securities
in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offering of securities
shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as
amended.
Contacts:
Hans
Zayed
Director of Investor Relations
Phone: +1 917-817-5159
hans.zayed@oci.nl
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SOURCE OCI Partners LP