Shareholders to vote on Blueknight Energy merger

Blueknight Energy Partners, L.P. (BKEP) | NrgEdge


Blueknight Energy Partners scheduled an August 16 meeting of shareholders to decide on the proposed merger with parent company Ergon.

The meeting will begin at 10 a.m. in Tulsa for shareholders to consider and vote on the merger that was proposed in April by Ergon Asphalt & Emulsions Inc.

Blueknight Energy shareholders are offered $4.65 in cash per common unit and $8.75 in cash per Series A Preferred Unit.

A filing with the Securities and Exchange Commission stated that the conflicts Committee of the board of directors of the general partner reviewed the offer and believes it is “fair and reasonable.”