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Stock impact report

MIC REPORTS FIRST QUARTER 2022 FINANCIAL AND OPERATIONAL RESULTS

Macquarie Infrastructure Holdings, LLC Common Unit (MIC) 
Last macquarie infrastructure holdings, llc common unit earnings: 2/25 07:00 am Check Earnings Report
Company Research Source: PR Newswire
NEW YORK, May 3, 2022 /PRNewswire/ -- Macquarie Infrastructure Holdings, LLC (NYSE: MIC) (the "Company") today announced its financial and operational results from continuing operations for the first quarter of 2022."Our financial results in the first quarter of 2022 reflect positive trends in the number of visitors to Hawaii which contributed to an increase in the volume of gas sold by Hawaii Gas," said Christopher Frost, chief executive officer of MIC.In June 2021, the Company entered into a merger agreement with an entity managed by Argo Infrastructure Partners, LP."We have received all the approvals other than that from the Hawaii Public Utilities Commission relating to completing the proposed merger. We continue to expect to receive the remaining approval and to conclude the transaction in the first half of 2022," Frost added. "If the merger is concluded on or prior to July 1, 2022, unitholders will receive consideration of $3.83 per unit in cash. If the merger is concluded after Show less Read more
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