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Westmoreland & Westmoreland Resource announce expiration of tender offer

Coal News - Published on Mon, 18 Mar 2019

Image Source: appvoices.org
Westmoreland Coal Company and Westmoreland Resource Partners, LP, announced that as of one minute after 11:59 pm. Eastern Time, on March 13, 2019, 182,448 common units representing limited partner interests in WMLP were validly tendered and accepted for purchase by Westmoreland Coal Company Asset Corporation, a wholly owned subsidiary of Westmoreland, in Westmoreland's previously announced tender offer.

Upon purchase of the tendered Common Units, Westmoreland will own 182,448 Common Units, representing 14.2% of the outstanding WMLP Common Units, which together with the equity securities of WMLP that are convertible into Common Units owned by WCC, represents an approximately 95.2% beneficial limited partner interest in WMLP on an as converted basis.

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Posted By : Rabi Wangkhem on Mon, 18 Mar 2019
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