NEDERLAND, Texas, June 19, 2018 /PRNewswire/ -- OCI Partners
LP (NYSE: OCIP) ("OCIP"), today announced that the Conflicts
Committee ("Conflicts Committee") of the Board of Directors of
OCIP's general partner unanimously determined that the revised
price being offered as of 19 June
2018 in the tender offer by our affiliate and owner of our
general partner, OCI N.V. (Euronext: OCI) ("OCI"), to acquire all
of the outstanding common units representing limited partner
interests in OCIP not currently held by OCI or its affiliates for
$11.50 per common unit in cash, is
fair to OCIP's common unitholders (other than OCI and its
affiliates). The Conflicts Committee recommends, on behalf of OCIP,
that unitholders accept the tender offer and tender their common
units pursuant to the tender offer, noting however, that
unitholders should make the decision to tender based on their own
investment objectives.
The Conflicts Committee is composed solely of independent
directors who meet the requirements for membership on the Conflicts
Committee set forth in OCIP's agreement of limited partnership.
OCIP has filed a Solicitation/Recommendation Statement on
Schedule 14D-9 with the U.S. Securities and Exchange Commission
("SEC"). Holders of OCIP's common units are encouraged to review
the Solicitation/Recommendation Statement on Schedule 14D-9 in its
entirety because it contains important information. Holders of
units can obtain a free copy of the Solicitation/Recommendation
Statement on Schedule 14D-9, and any amendments thereto or other
documents filed by OCIP with respect to the tender offer, at
www.sec.gov.
Advisors
Baker Botts L.L.P. acted as legal counsel to the Conflicts
Committee. Tudor Pickering Holt & Co Advisors LP acted as
financial advisor to the Conflicts Committee.
Important Information
This press release is for informational purposes only, and is
neither an offer to purchase nor a solicitation of an offer to sell
securities. OCIP has filed a solicitation/recommendation statement
on Schedule 14D-9 with the SEC. Any solicitation/recommendation
statement filed by OCIP that is required to be mailed to
unitholders will be mailed to OCIP's unitholders. INVESTORS AND
UNITHOLDERS OF OCIP ARE URGED TO READ THESE AND OTHER DOCUMENTS
FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY IF AND WHEN THEY
BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
Unitholders may also obtain copies of the offer to purchase and
related materials, when and as filed with the SEC, without charge
from OCI N.V. or by written or oral request directed to Georgeson
LLC, at (888) 566-3252.
About OCI Partners LP
OCI Partners LP owns and operates an integrated methanol and
ammonia production facility that is strategically located on the
Texas Gulf Coast near Beaumont.
OCIP is headquartered in Nederland,
Texas and currently has a methanol production design
capacity of 912,500 metric tons per year and an ammonia production
design capacity of 331,000 metric tons per year.
Contacts:
Hans Zayed
Director of Investor Relations
Phone: +1 917-817-5159
hans.zayed@oci.nl
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SOURCE OCI Partners LP