Alliance Holdings (AHGP) Misses Q2 EPS by 11c, Miss on Revenues
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Alliance Resource Partners, L.P. (ARLP), Alliance Holdings GP, L.P. (AGHP) Reports Elimination of IDRs and Conversion of General Partner Interest in Exchange for 56.1M ARLP Units
July 28, 2017 4:19 PM EDTAlliance Resource Partners, L.P. (NASDAQ: ARLP) and Alliance Holdings GP, L.P. (NASDAQ: AHGP) (collectively, the "Alliance Partnerships") jointly announced today an agreement pursuant to which AHGP's incentive distribution rights ("IDRs") in ARLP have been eliminated and its approximate one percent general partner interest in ARLP has been converted into a non-economic general partner interest, in exchange for the issuance to AHGP of 56,100,000 ARLP common units (the "Exchange Transaction"). As a result, effective today, ARLP has 130,704,217 common units outstanding and AHGP now owns 87,188,338 ARLP common units, a... More
