Deals
Want to Buy Cheniere? You'll Need a Big Premium, CEO Says
- Exporter could be a `strategic' buy to some companies: Shear
- Discount for U.S. LNG has narrowed, challenging exports
Cheniere CEO: Significant Premium Needed for Buyout
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Cheniere Energy Inc., which shipped the first cargo of American shale gas earlier this year, would require a “significant premium” before entertaining potential takeover bids, even as the outlook for LNG exports has dimmed amid a worldwide glut.
When Neal Shear became Cheniere’s interim chief executive officer in December, he said his “only fear” was that he’d find a letter on his desk one morning from someone interested in buying the natural gas exporter. An acquirer would have to offer a premium for the company that just sent its debut cargo of liquefied natural gas abroad in February, Shear said in an interview with Bloomberg TV.