Deal Description: On April 21, 2022, Blueknight Energy Partners, L.P. (“Blueknight”) (Nasdaq: BKEP and BKEPP) announced a definitive merger agreement pursuant to which an affiliate of Ergon, Inc. (“Ergon”) will acquire all of the outstanding common and preferred units of Blueknight not already owned by Ergon and its affiliates. The transaction is structured as an all cash transaction, whereby common unitholders will receive $4.65 for each Blueknight common unit and preferred unitholders will receive $8.75 for each Blueknight preferred unit. Following consummation of the merger, Blueknight will become a wholly owned subsidiary of Ergon.
Baker Botts represented Ergon in the transaction.
Baker Botts Lawyers/Office Involved:
Corporate: Joshua Davidson (Partner, Houston); Jamie Yarbrough (Senior Associate, Houston); Catherine Ellis (Associate, Houston); Rob Cowan (Associate, Houston)
Tax: Michael Bresson (Partner, Houston); Jared Meier (Senior Associate, Houston)
Benefits: Jason Loden (Partner, Dallas)
For more information, please see Blueknight’s news release here.
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