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Why Shares of Höegh LNG Partners Soared Today

·1 min read
Why Shares of Höegh LNG Partners Soared Today
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Shares of Höegh LNG Partners (NYSE: HMLP), a limited partnership focused on liquefied natural gas (LNG), surged 31% on Wednesday after it reached a merger deal with its parent company, Höegh LNG Holdings. Höegh LNG Holdings created Höegh LNG Partners in 2014 to purchase and operate LNG carriers, floating storage and regasification units, and other infrastructure assets. Now, the LNG service provider apparently wants to bring the limited partnership back under its corporate shell.