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MI - A&D Briefs - June 17, 2020
Sprague Resources Holdings LLC withdrew a non-binding proposal that it had made in March to buy all the outstanding common units of Sprague Resources LP. Holdings offered $13/share in cash to buy up all the remaining shares in the partnership that it did not already own. Holdings and affiliates owned 53.3% of the NYSE-traded partnership units when the offer was made. Portsmouth, New Hampshire based Sprague buys, stores, distributes and sells refined products and......
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