Brief: Summit Midstream Corporation Announces Transformative Acquisition Of Tall Oak Midstream Iii In The Arkoma Basin
01/10/2024 22:05
Summit Midstream Corp SMC.N :
* SUMMIT MIDSTREAM CORPORATION ANNOUNCES TRANSFORMATIVE
ACQUISITION OF TALL OAK MIDSTREAM III IN THE ARKOMA BASIN
* SUMMIT MIDSTREAM CORP - ACQUISITION FOR ABOUT $155 MILLION
CASH
AND 7.5 MILLION SHARES
* SUMMIT MIDSTREAM CORP - TO PAY $25 MILLION CONTINGENT
CONSIDERATION THROUGH MARCH 31, 2026
* SUMMIT MIDSTREAM CORP - FOUR DIRECTORS FROM TAILWATER
CAPITAL TO
JOIN SUMMIT BOARD
Source text for Eikon: ID:nPnC4W3Fa
Further company coverage: SMC.N
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