Flint Hills Resources buys PetroLogistics

In Texas, PetroLogistics have entered into a definitive agreement to be acquired by Flint Hills Resources. Flint Hills Resources will acquire all of PetroLogistics’ outstanding common units for $14.00 per common unit in cash, except for those common units owned by Lindsay Goldberg LLC, York Capital Management, PetroLogistics’ Executive Chairman and its President and Chief Executive Officer, which will be acquired for $12.00 per common unit in cash.