Kodiak Gas Services Completes Acquisition of CSI Compressco-May 2024-www.financetom.com

Kodiak Gas Services Completes Acquisition of CSI Compressco

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Kodiak Gas Services Completes Acquisition of CSI Compressco

Apr 1, 2024 7:54 AM

10:33 AM EDT, 04/01/2024 (MT Newswires) -- Kodiak Gas Services ( KGS ) said Monday it has completed the acquisition of CSI Compressco ( CCLP ) .

CSI Compressco ( CCLP ) unitholders received 0.086 shares of Kodiak common stock for each CSI unit held.

Some CSI Compressco ( CCLP ) unitholders opted to receive 0.086 limited liability company units and an equal number of shares of non-economic voting preferred stock of Kodiak for each CSI Compressco ( CCLP ) common unit held, the company said. These units are redeemable for one share of Kodiak common stock after a six-month lock-up period, subject to certain conditions.

CSI Compressco ( CCLP ) units are to stop trading on Nasdaq, effective April 1.

Price: 27.49, Change: +0.15, Percent Change: +0.53

Previous page： Mexican credit facility platform CXC raises $33 million to expand through Latam, US Next page： Westpac flags $82 million hit to FY24 net profit from notable items

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Mexican credit facility platform CXC raises $33 million to expand through Latam, US

Oct 22, 2024

MEXICO CITY, Oct 22 (Reuters) - Mexican credit facility platform CXC has raised $32.6 million in a funding round led by Kaszek, it said on Tuesday, with the funds set to help the firm expand to the rest of Latin America and the United States. WHY IT'S IMPORTANT CXC has quietly become a major player in monitoring and managing private...

Westpac flags $82 million hit to FY24 net profit from notable items

Oct 22, 2024

(Reuters) - Westpac Banking Corp ( WEBNF ), Australia's third-largest lender by market value, said on Tuesday its 2024 net profit would take a A$123 million ($82.26 million) hit due to impacts from certain notable items. The bank attributed the hit to the unrealised fair value gains and losses on economic hedges and net ineffectiveness on qualifying hedges recognised during...

SAP shares up 4.4% in early trade after raised cloud business outlook

Oct 22, 2024

FRANKFURT (Reuters) - Shares in SAP were up 4.4% in Lang & Schwarz pre-market trade on Tuesday after the German software company raised full-year targets on strong cloud business in the third quarter. Cloud revenue grew 27%, adjusted for currency effects, to 4.35 billion euros ($4.71 billion) in the third quarter, boosted by Cloud ERP Suite resource planning programme sales,...

HSBC merges commercial and investment banking units, names first female CFO

Oct 22, 2024

* Restructures into four business units, slashes management jobs * Pam Kaur appointed as bank's first female CFO * Lender cutting duplicate roles, shifting business focus to Asia (Recasts and writes throughout) By Selena Li, Lawrence White and Sinead Cruise HONG KONG/LONDON, Oct 22 (Reuters) - HSBC Holdings ( HSBC ) said on Tuesday it would combine its commercial and...