Paulson & Co. Raises Stake in Cheniere Energy (LNG) to 14.6%
Up)
In a 13D filing on Cheniere Energy (NYSE: LNG), John Paulson's Paulson & Co. disclosed a 14.6% stake (7,400,000 shares) in the company. At the quarter ended June 30, 2008, Paulson held a 4,700,000 share stake in Cheniere.
Paulson also indicated that his fund may talk with Cheniere's Board and/or shareholders to discuss any purposes, plans, or proposals.
Paulson's average cost appears to be around $6.34 based on a total purchase price of about $46.949 million. With shares of Cheniere currently trading around $1.70, Paulson is substantially underwater on this position.
Cheniere Energy, Inc., through its subsidiaries, engages in the development, construction, ownership, and operation of onshore liquefied natural gas (LNG) receiving terminals and natural gas pipelines along the Gulf Coast of the United States.
Paulson also indicated that his fund may talk with Cheniere's Board and/or shareholders to discuss any purposes, plans, or proposals.
Paulson's average cost appears to be around $6.34 based on a total purchase price of about $46.949 million. With shares of Cheniere currently trading around $1.70, Paulson is substantially underwater on this position.
Cheniere Energy, Inc., through its subsidiaries, engages in the development, construction, ownership, and operation of onshore liquefied natural gas (LNG) receiving terminals and natural gas pipelines along the Gulf Coast of the United States.
You May Also Be Interested In
- Cheniere Partners Announces Launch of New Credit Facilities in Connection with the Construction of the Sabine Pass Liquefaction Project
- QLT Inc. (QLTI) Indicated Higher; Shareholder Axial Capital May Be in Discussion w/ Management
- Carl Icahn Boosts Stake in CVR Energy (CVI) to 80%
Create E-mail Alert Related Categories
13DsRelated Entities
Paulson & Co. (PCI)Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
