Cool Company has completed its long-trailed take-private deal, bringing an end to the LNG carrier owner’s run as a publicly listed company. The London-based owner said the cash merger with a newly formed, wholly owned subsidiary of EPS Ventures has now been formally completed, with the transaction registered at the Bermuda Registrar of Companies. CoolCo survives the merger as the continuing entity but is now wholly owned by EPS and its subsidiaries. The company had announced earlier this week that all conditions precedent had been satisfied. Under the terms of the deal, eligible shareholders will receive merger consideration of $9.65 per common share. For investors holding shares registered with Euronext Securities Oslo and listed on Euronext Growth Oslo, the Norwegian kroner equivalent of the consideration will be paid via VPS, with settlement expected around January 14. NYSE-listed shareholders outside the VPS system will receive payment through the Depository Trust Company. As a consequence of the transaction, CoolCo expects its shares to be delisted from both the New York Stock Exchange and Euronext Growth Oslo. The company also plans to file a Form 15-F with the US Securities and Exchange Commission to terminate the registration of its common shares and end its ongoing reporting obligations under the US Securities Exchange Act. CoolCo operates a fleet of LNG carriers and has been an active participant in the long-term charter market in recent years. The move into private ownership under EPS Ventures is expected to give the company greater strategic flexibility away from the scrutiny and volatility of public markets, at a time when LNG shipping continues to face shifting trade patterns and heightened capital discipline. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsUnited Kingdom