Cheniere Energy Ends Talks To Acquire Cheniere Energy Partners LP

Cheniere Energy Inc. said Friday it has ended talks to acquire Cheniere Energy Partners LP Holdings LLC after failing to reach agreement with the board and a specially created conflicts committee. Talks had stretched over six weeks, during which time Cheniere Energy raised its offer to 0.54 shares for each share of Cheniere Energy Partners owned from an original offer of 0.50 shares. "Cheniere has determined that no acceptable definitive agreement can be reached with the conflicts committee at this time," the company said in a statement. Neither stock was active in premarket trade.