Hess Midstream LP (NYSE:HESM) ("Hess Midstream") today announced the execution of a definitive agreement providing for the repurchase of approximately $100 million of Class B units by its subsidiary, Hess Midstream Operations LP, from affiliates of Hess Corporation and Global Infrastructure Partners, Hess Midstream's sponsors (the "Sponsors"). The terms of the proposed unit repurchase transaction were unanimously approved by the Board of Directors of Hess Midstream's general partner, based on the unanimous approval and recommendation of its conflicts committee composed solely of independent directors.
Hess Midstream LP Announces Execution Of A Definitive Agreement Providing For The Repurchase Of ~$100M Of Class B Units By Its Subsidiary, Hess Midstream Operations LP, From Affiliates Of Hess Corporation And Global Infrastructure Partners
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.