Sisecam Resources LP Announces The Delisting Of Its Common Units And The Closing Of The Acquisition By Sisecam Chemicals Wyoming LLC
Sisecam Resources LP ("Partnership" or "Sisecam") (NYSE:SIRE) and Sisecam Chemicals Resources LLC ("SCR") today announced that the transaction contemplated by the Agreement and Plan of Merger dated as of February 1, 2023 (the "Agreement") by and among the Partnership, Sisecam Chemicals Newco LLC, Sisecam Resource Partners LLC, and Sisecam Chemicals Wyoming LLC ("SCW"), a wholly-owned subsidiary of SCR, was completed on May 26, 2023. Pursuant to the Agreement, SCW acquired all of the Common Units representing limited partner interests in the Partnership not held by SCR or its affiliates for $25.00 per unit in cash. Due to the closing of the transaction, the Partnership became a private company and the Partnership's Common Units have ceased to be publicly traded on the New York Stock Exchange.