trending Market Intelligence /marketintelligence/en/news-insights/trending/5MClPYmgxlo_8Kke-q9ZCg2 content esgSubNav
In This List

Valero completes roll-up of Valero Energy Partners

Blog

Insight Weekly: Private equity slows; SPAC underwriters retreat; carbon capture boost

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Research Brokers Accelerate Their Coverage of Electric Vehicles

Blog

SEC Climate Disclosure Requirements Heating Up: How to Take Action


Valero completes roll-up of Valero Energy Partners

The San Antonio-based petroleum refining giant Valero Energy Corp. completed the $950 million roll-up of its master limited partnership, Valero Energy Partners LP.

The transaction resulted in Valero acquiring all of Valero Energy Partners' outstanding common units it did not already own, with the partnership becoming an indirect wholly owned subsidiary of Valero, according to a Jan. 10 news release. The partnership's common units will no longer trade on the New York Stock Exchange, effective the same day.

Valero in October 2018 agreed to buy all of the partnership's publicly held units at $42.25 each, representing about 12.4% to the volume weighted 30-trading-day average price of Valero Energy Partners units as of Oct. 17, 2018.