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In addition, AHGP owns 87,188,338 common units of ARLP.
The simplification transactions are structured such that each AHGP unitholder will hold directly after the transactions the same economic share of ARLP and its subsidiaries that it held indirectly through AHGP before the transactions.
The terms of the agreement were approved by both the board of directors of AHGP's general partner and ARLP's general partner.
Alliance Holdings GP LP (AHGP) (NASDAQ:AHGP) reported on Monday the launch of a secondary underwritten public offering of 2,750,000 common units representing limited partner interests in the company by certain selling unitholders.
AHGP will not receive any proceeds from this offering and the number of its outstanding common units will remain the same.
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