Harmony shareholders to vote on NextDecade merger
Harmony Merger Corporation filed a definitive proxy statement with the U.S. Securities and Exchange Commission, providing detailed information regarding Harmony’s planned merger with the LNG export player NextDecade.
The statement also contains detailed information regarding NextDecade’s commercial, engineering, regulatory, and gas supply strategies, competitive advantages, rationale for the Merger, and summary financial projections, among other information, the two companies said in a joint statement.
In addition, the statement notes that the special meeting of Harmony stockholders to consider the merger will be held on July 24.
The merger is expected to close shortly after the meeting if the shareholders approve the move.
Following the closing of the merger, NextDecade will be a publicly listed company.
To remind, the proposed all-stock transaction is expected to yield a combined entity in which Harmony shareholders would own approximately 13.4 percent.
NextDecade proposed to develop the 27 mtpa Rio Grande LNG export project in Brownsville, Texas, along with the associated Rio Bravo pipeline originating in the Agua Dulce market area.
LNG World News Staff