Antero Midstream GP LP to Purchase Antero Midstream Partners and Convert to a Corporation

On October 9, Antero Midstream GP LP (AMGP) and Antero Midstream Partners LP (AM) announced that AMGP has agreed to acquire all of the shares of AM and Antero Resources (AR). Antero Midstream GP LP will also convert from a partnership into a corporation under the name Antero Midstream Corporation. Current AM shareholders will be eligible to receive a combination of $3.415 in cash and 1.635 shares of the new Antero Midstream Corporation shares for each share of AM.

Sonal received the news and issued an alert at 5:45 am. The next trade of Antero Midstream Partners took place at 8:22 am for $30. Regular market trading opened at $30.72. The stock price rose throughout the day before closing at $33.93 for a gain of 13.1%.

Antero Midstream GP’s stock also responded positively to the news. The stock opened for regular market trading at $16.76. The price rose throughout the day before closing at $18.69 for a gain of 11.5%.

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