Suncoke Energy Partners (SXCP) Misses Q4 EPS by 8c, Revenues Beat
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Suncoke Energy (SXC) to Acquire All Publicly Traded Common Units Of SunCoke Energy Partners, L.P. (SXCP)
February 5, 2019 6:53 AM ESTSunCoke Energy, Inc. (NYSE: SXC) and SunCoke Energy Partners, L.P. (NYSE: SXCP) today announced that they have entered into a definitive agreement whereby SXC will acquire all outstanding common units of SXCP not already owned by SXC in a stock-for-unit merger transaction (the "Simplification Transaction"). The Simplification Transaction is expected to close late in the second quarter or early in the third quarter of 2019, subject to customary closing conditions. Pursuant to the terms of the merger agreement, SXCP unaffiliated common unitholders will receive 1.40 SXC common... More
