KNOT Offshore Partners LP announced the termination of discussions on an unsolicited non-binding buyout proposal from Knutsen NYK Offshore Tankers AS, received October 31, 2025, to acquire all publicly held common units for cash. The Conflicts Committee, with independent advisors, reviewed the offer but could not reach an agreement.
Key takeaways
Discussions terminated on KNOT Offer from Knutsen NYK Offshore Tankers AS
KNOT Offer received October 31, 2025, unsolicited and non-binding
Proposal to acquire all publicly held common units of KNOT Offshore Partners LP for cash
Conflicts Committee comprised of non-KNOT-affiliated directors
Committee retained independent financial and legal advisors
Multiple discussions held but no agreement reached