Harmony, NextDecade move towards merger

By LNG World News Harmony Merger Corporation and the US LNG export player NextDecade executed a non-binding letter of intent paving the ways for a merger of the two companies.
The combination would result in NextDecade becoming a publicly listed company, the joint statement reads.
The proposed all-stock transaction is expected to yield a combined entity with a pro forma enterprise value exceeding $1.0 billion at closing, with additional stock consideration to be paid to NextDecade shareholders upon the achievement of certain milestones, the statement reads.
Current Harmony shareholders would own approximately 13.4 percent of the combined company following the merger.
Harmony and NextDecade have also reserved

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