Delek's NewMed Energy London listing merger in doubt
Published date | 24 January 2023 |
As part of the merger agreement, Capricorn was supposed to distribute to its shareholders a special dividend in cash and related payments, amounting to $620 million dollars. Capricorn would then offer 2.337344 new shares for every NewMed participation unit held. Under this ratio, the owners of the existing units of New-Med would hold 89.7% of the shares of the consolidated company, while the shareholders of Capricorn would hold the remaining 10.3%. Thus, the partnership will...
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