On December 16, 2019, Tallgrass Energy, LP announced that it has entered into a definitive merger agreement pursuant to which affiliates of Blackstone Infrastructure Partners together with affiliates of Enagas, GIC, NPS and USS would acquire all of the publicly-held outstanding Class A shares of the Company for $22.45 in cash per Class A share. The Company added that the transaction is expected to close in the second quarter of 2020, subject to the satisfaction of customary conditions, including approval of the merger by holders of a majority of the outstanding Class A and Class B shares of the Company, voting together as a single class, inclusive of the approximately 44 percent of the total Class A and Class B shares held by the sponsors. The Company also stated that the conflicts committee of the Board of Directors, TGE’s General Partner, after consultation with its independent legal and financial advisors, unanimously approved the transaction and determined it to be in the best interests of the Company and its public shareholders.