NEDERLAND, Texas, June 4, 2018 /PRNewswire/ -- OCI Partners LP
(NYSE: OCIP) ("OCIP"), today confirmed that our affiliate and owner
of our general partner, OCI N.V. (Euronext: OCI) ("OCI"), has
commenced an unsolicited tender offer to acquire all of the
outstanding publicly held common units representing limited partner
interests in OCIP for $11.00 per unit
in cash. The offer represents a 10.0% premium over OCIP's closing
price on June 1, 2018 and a 16.4%
premium over OCIP's 90 trading day volume-weighted average unit
price. OCI currently owns 88.25% of the issued and outstanding
common units of OCI Partners.
The board of directors of our general partner will make a
recommendation or state that it is neutral or is unable to take a
position with respect to the tender offer within ten business days
of its commencement by making available to unitholders and filing
with the Securities and Exchange Commission ("SEC") a
solicitation/recommendation statement on Schedule 14D-9.
Important Information
This press release is for informational purposes only, and is
neither an offer to purchase nor a solicitation of an offer to sell
securities. OCIP may file a solicitation/recommendation statement
on Schedule 14D-9 with the SEC. Any solicitation/recommendation
statement filed by OCIP that is required to be mailed to
unitholders will be mailed to OCIP's unitholders. INVESTORS AND
UNITHOLDERS OF OCIP ARE URGED TO READ THESE AND OTHER DOCUMENTS
FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY IF AND WHEN THEY
BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
Unitholders may also obtain copies of the offer to purchase and
related materials, when and as filed with the SEC, without charge
from OCI N.V. or by written or oral request directed to Georgeson
LLC, at (800) 509-0917.
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.
OCIP 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.
Contacts:
Hans
Zayed
Director of Investor Relations
Phone: +1 917-817-5159
hans.zayed@oci.nl
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SOURCE OCI Partners LP